US Dollar/Canadian Dollar (USD/CAD)

Written by Aboutcurrency

THE USD/CAD rate is composed of the US Dollar "base currency" and the Canadian Dollar "quote currency".

USD/CAD

The US Dollar/Canadian Dollar (USD/CAD) reflects the relation of the US Dollar trading against the Canadian Dollar (1 USD per x CAD). For instance, If the USD/CAD quotes at 1.0000, then 10,000 US Dollars would equal 10,000 Canadian Dollars (because 10,000 x 1.0 = 10,000). This simply means that 1 US Dollar buys you 1 Canadian Dollar.

Trading Characteristics Of The USD/CAD

One of the major currency pairs on the forex market.
Typical forex broker spread: 3-4 pips
Most active trading sessions: London and New York
5 Year Average Daily Range: 101 pips
Who trades the US Dollar vs Canadian Dollar? Central banks, financial institutions, retail traders,...

USD/CAD Forex Trading Tips:

Recommended level of forex experience: Advanced
Best trading sessions for daytraders: London and New York
Worst times to trade: Holidays and before major economic news events
Most common used USD/CAD forex charts: Daily, 4 Hour and 1 Hour
Best forex brokers to trade USD/CAD: Click here >>>
Forex trading strategies to trade US Dollar Canadian Dollar: Click here >>>
Best forex trading system to trade US Dollar Canadian Dollar: Click here >>>

US Dollar/Canadian Dollar Historical Chart

Top 3 Economic Events That Move USD/CAD

FOMC Rate Decision + Press Conference

Bank of Canada Rate Decision

US Employment (Non Farm Payrolls)

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