In fact, these events always strongly influence the price of crude oil and therefore affect Canadian economic health. OPEC meetings and announcements, also in the case of oil market monitoring. The oil stocks that are published every week in your broker’s economic calendar and which, as we have seen, directly affect Canada’s economic health. For this purpose, it will be necessary to pay attention to the following publications and events. To do so it is obviously good to follow the economic situation of the United States and Canada because they have a direct influence on this currency pair. You certainly know that it is possible to deal online with the quotation of the USD/CAD currency pair using a broker’s trading platform but, before launching, it is necessary to know how to correctly analyze the elements that could have an influence on the quotation itself to more or less long term. This level is the threshold lowest reached by this currency pair over the last ten years. However, this sudden and very volatile rise quickly gave way to a downward correction trend that brought the pair back to the 0.94446 pip level in April 2011. From July 2008 to February 2009 this pair first saw an interesting uptrend that led it from 1.0235 pips to 1.2732 pips. Although short-term movements remain more moderate, it is therefore possible to invest in this value with a long strategy. The first thing you notice when looking at historical USD/CAD price charts is the interesting medium-term volatility of this currency pair. It is for this reason that we offer here a summary of the main trends that have characterized its evolution over the last ten years through a complete historical technical analysis. Before starting to take a position on the USD/CAD currency pair, you must obviously carry out a good technical analysis of this pair, but to do so it is essential to know how this currency pair behaves depending on the different configurations of the charts.

Cad currency