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U.S. Dollar/Canadian Dollar (^USDCAD)

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U.S. Dollar/Canadian Dollar Futures Market News and Commentary

Dollar Drops on Hopes for US-Iran Diplomacy

The dollar index (DXY00) on Friday fell by -0.24%.  The dollar gave up an early advance and turned lower on Friday as stocks rallied on optimism that peace talks between the US and Iran are set to resume.  Bloomberg reported that Iranian Foreign Minister Abbas Araghchi is expected to arrive in Pakistan on Friday night for a possible second round of peace talks between the US and Iran.  Falling crude oil prices on Friday lowered inflation expectations, a dovish factor for Fed policy, and a negative factor for the dollar.  In addition, strength in stocks on Friday reduced liquidity demand for the dollar.  The dollar recovered from its worst level after the University of Michigan’s US Apr consumer sentiment index was revised higher than expected.

Heightened US-Iran tensions are boosting safe-haven demand for the dollar.  The US and Iran are locked in a battle for control of the Strait of Hormuz, with both sides blocking the waterway to gain leverage during an extended ceasefire. ... Read more

Commitment of Traders Positions as of Apr 21, 2026

View Chart Details
Commercials - Long / Short
99,593 (+12,584)
158,814 (-6,572)
Non-Commercials - Long / Short
119,723 (-12,798)
60,889 (+6,640)
Dealers / Intermediary - Long / Short
45,590 (+12,879)
100,907 (-7,241)
Asset / Manager - Long / Short
82,466 (-12,120)
80,679 (+12,603)
Leveraged Funds - Long / Short
82,090 (-1,937)
17,875 (-4,748)
Other Reportables - Long / Short
1,308 (-59)
12,380 (-1,569)

Price Performance

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Period Period Low Period High Performance
1-Month
1.36318 +0.28%
on 04/21/26
1.39667 -2.13%
on 03/31/26
-0.00946 (-0.69%)
since 03/24/26
3-Month
1.34825 +1.39%
on 01/30/26
1.39667 -2.13%
on 03/31/26
-0.00309 (-0.23%)
since 01/23/26
52-Week
1.34825 +1.39%
on 01/30/26
1.41404 -3.33%
on 11/05/25
-0.01852 (-1.34%)
since 04/24/25

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Barchart Technical Opinion

The Barchart Technical Opinion rating is a 72% Sell with a Average short term outlook on maintaining the current direction.

Long term indicators fully support a continuation of the trend.

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Key Turning Points

3rd Resistance Point 1.37535
2nd Resistance Point 1.37340
1st Resistance Point 1.37019
Last Price 1.36697
1st Support Level 1.36503
2nd Support Level 1.36308
3rd Support Level 1.35987

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52-Week High 1.41404
Fibonacci 61.8% 1.38891
Fibonacci 50% 1.38115
Fibonacci 38.2% 1.37338
Last Price 1.36697
52-Week Low 1.34825

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