{"id":7845,"date":"2026-05-08T14:04:48","date_gmt":"2026-05-08T11:04:48","guid":{"rendered":"https:\/\/31-preview.freshtone.ru\/investing-in-usdcad-with-target-of-1-38000\/"},"modified":"2026-05-08T14:04:48","modified_gmt":"2026-05-08T11:04:48","slug":"investing-in-usdcad-with-target-of-1-38000","status":"publish","type":"post","link":"https:\/\/31-preview.freshtone.ru\/en\/investing-in-usdcad-with-target-of-1-38000\/","title":{"rendered":"Investing in USDCAD with target of 1.38000"},"content":{"rendered":"<p><a href=\"https:\/\/marketcheese.com\/symbol\/usdcad\" rel=\"noopener noreferrer\" target=\"_blank\">USDCAD<\/a> maintains a consistent negative correlation with oil price movements, and this factor remains a key driver of the pair\u2019s dynamics. Since Canada is one of the world&#8217;s leading crude exporters, rising energy costs increase capital inflows into the country and underpin its currency. In other circumstances, cheaper fuel typically makes the loonie weaker, playing in favor of USDCAD. In the current environment, a drop in oil prices below $100 per barrel could trigger an upward move in the pair.<\/p>\n<p><\/p>\n<p>Monetary divergence is another factor to consider. The Federal Reserve (Fed) kept interest rates at 3.75%, while the Bank of Canada (BoC) held them at 2.25%. The 150-basis-point gap increases the appeal of dollar-denominated assets for carry trades, giving an extra hand to the greenback.<\/p>\n<p><\/p>\n<p>Thus, elevated crude prices serve as a key pillar of support for the loonie, capping USDCAD\u2019s upside. The rate differential is on the side of the American dollar. However, keep in mind that cheaper fuel would turn against the Canadian currency, leaving it under pressure from the two factors simultaneously and sending USDCAD higher.<\/p>\n<p>From a technical perspective, the next upside target is the 1.38000 resistance level.<\/p>\n<p><\/p>\n<p><strong><span><\/span>The ultimate recommendation <\/strong>is to buy USDCAD at the current price, aiming for 1.38000 within a month. To mitigate the risk of adverse market movements, place a Stop Loss order slightly below support, namely at 1.35500.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Market analysis by financial analysts and experienced traders. Forecast for USDCAD.<\/p>\n","protected":false},"author":1,"featured_media":7841,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-7845","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-market-forecasts"],"translation":{"provider":"WPGlobus","version":"2.12.2","language":"en","enabled_languages":["ru","en"],"languages":{"ru":{"title":true,"content":true,"excerpt":true},"en":{"title":false,"content":false,"excerpt":false}}},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\r\n<title>Investing in USDCAD with target of 1.38000 - Ciraxes<\/title>\r\n<meta name=\"robots\" content=\"noindex, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\r\n<meta property=\"og:locale\" content=\"en_US\" \/>\r\n<meta property=\"og:type\" content=\"article\" \/>\r\n<meta property=\"og:title\" content=\"Investing in USDCAD with target of 1.38000 - 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