Is the Canadian Dollar going to weaken furtherThe CAD futures are indicating that it may correct into a weekly demand zone. If price retraces at that weekly demand zone there will be opportunities to trade the USDCAD shorts in the days to come.
A representation of what an asset is worth today and what the market thinks it will be worth in the future.
Displays a symbol's price movements over previous years to identify recurring trends.
Frequently Asked Questions
The current price of Canadian Dollar Futures is 0.71650 USD — it has fallen −0.17% in the past 24 hours. Watch Canadian Dollar Futures price in more detail on the chart.
The volume of Canadian Dollar Futures is 20.06 K. Track more important stats on the Canadian Dollar Futures chart.
Open interest is the number of contracts held by traders in active positions — they're not closed or expired. For Canadian Dollar Futures this number is 337.58 K. You can use it to track a prevailing market trend and adjust your own strategy: declining open interest for Canadian Dollar Futures shows that traders are closing their positions, which means a weakening trend.
Buying or selling futures contracts depends on many factors: season, underlying commodity, your own trading strategy. So mostly it's up to you, but if you look for some certain calculations to take into account, you can study technical analysis for Canadian Dollar Futures. Today its technical rating is sell, but remember that market conditions change all the time, so it's always crucial to do your own research. See more of Canadian Dollar Futures technicals for a more comprehensive analysis.