Daily Foreign Exchange Update for July 9, 2026

July 9, 2026

Spot Rates:

USDCAD spot rate: 1.4180 - 1.4185 (as at 7:15am PST)
Asia: 1.4153 to 1.4175
Europe: 1.4165 To 1.4189
North America: 1.4153 to 1.4185

Technical Support / Resistance:

S2 1.4080
S1 1.4150
R1 1.4220
R2 1.4280

Key Economic Data Releases:

U.S. initial jobless claims 215k 218k exp. 217k prev.

Important events we're watching this week:

July 11, USA, US Nonfarm Payrolls / Unemployment Rate

Market Spotlight

USD/CAD moves sideways after two days of losses, trading around 1.4180 during morning hours on Thursday. The technical analysis of the daily chart indicates the pair is remaining within the ascending channel pattern, indicating a persistent bullish bias.

The USD/CAD is retaining a bullish near-term bias as it holds comfortably above the 50-period Exponential Moving Average (EMA). Price is pressing against the short-term nine-period EMA, which acts as immediate resistance, while the 14-day Relative Strength Index (RSI) around 64 stays in positive territory but off extreme overbought readings, hinting at sustained upside momentum with some scope for consolidation.

Currently, the TSX is up 0.31% while the DJIA is up 0.12%.
EURCAD is up 0.21% trading between 1.6174 and 1.6221.
GBPCAD is up 0.09% trading between 1.8952 and 1.9033.
JPYCAD is up 0.20% trading between 0.008710 and 0.008735.
Gold is up 1.25% trading between $4,053 - $4,129 USD/oz.
Silver is up 3.05% trading between $57.58 - $60.21 USD/oz.
Oil (WTI crude) is down 0.92% trading