What is USD/CAD?

USD/CAD is the forex ticker that represents the US Dollar-Canadian Dollar currency pair. The USD/CAD rate, as indicated on the live chart, shows traders how many Canadian Dollars are required to buy one US Dollar. Follow the USD/CAD chart for live prices and stay up to date with the latest USD/CAD news, forecasts and analysis.

Why is CAD considered a commodity currency?

The CAD is considered to be a commodity currency because of the large amount of natural resources, especially oil, that are mined and exported to southern neighbors. The USDCAD is one of the most traded currency pairs in the world.

What is a technical analyst & Chartist?

Technical analysts and chartists seek to identify patterns to anticipate the future direction of a security’s price. These patterns can be as simple as trendlines and as complex as double head-and-shoulders formations.

What is a golden Ma Cross in USDCAD?

The USDCAD is one of the most traded currency pairs in the world. Understanding The Golden MA Cross I am currently involved in a trade idea that involves the Golden MA Cross which consists of the 50,100 and 200 moving average crossover. When all three of these MA's cross a big move usually follows.