USDJPY 12/15/2025, 1:57:59 PM

CAD holds steady near Friday’s close against USD – Scotiabank

Key Takeaways (30s Read)

The Canadian Dollar continues to hold steady against the US Dollar, just below its estimated fair value.

The Canadian Dollar (CAD) is holding steady against the US Dollar (USD), trading near Friday's close. Currently, it is just below the estimated fair value of 1.3798. This stable movement may suggest that the market is responding to recent economic indicators and central bank policies. From a technical analysis perspective, CAD appears to be establishing localized support around the 1.38 level, though specific resistance or strong support levels were not mentioned. Whether the CAD will continue to trade below the estimated fair value or revert back will be a key focus ahead. Traders should keep a close eye on Canadian economic data and developments regarding the USD, particularly as significant economic indicators or policy changes may influence the CAD's value. Overall, the future movement of CAD is likely dependent on its relative movements against the USD.

AI Analyst

AI Opinion

"The current stability of the Canadian Dollar against the US Dollar presents an interesting market context. The estimated fair value at 1.3798 suggests that traders should be mindful of significant support and resistance levels. However, the lack of specific price information makes it challenging to derive a clear trading signal. Additionally, it’s vital to keep an eye on the strength of the Canadian economy and its relationship with the USD, particularly in light of economic indicators and central bank announcements, which could significantly influence the market."

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Reviewed by: FX Market AI Editorial Team

AI Market Analysis Team

Combining advanced AI algorithms with professional trader insights. We analyze market drivers 24/7 to provide objective trading scenarios.

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