USD/CAD is a currency pair representing the US and Canadian economies. Given the heavy cross border trade that takes place, this can create a general proclivity for the pair to be range-bound or mean revert. That’s not to say that trends do not develop here, but it’s to a far lesser degree than what you’ll see in EUR/JPY or GBP/JPY. The US dollar drives a slight majority of the price action in the pair, owed to the significantly greater size of the US economy, but this can be a favored vehicle for swing plays, looking for holds of significant support or resistance levels.

USD/CAD Articles

(USD/CAD) US dollar to Canadian Dollar Price Chart