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Canadian Dollar Short-term Outlook: USD/CAD Plunges to Key Support– Breakdown Risk Builds

USD/CAD has turned sharply lower after failing to sustain gains near recent highs, with the pair now testing a critical support zone. The pullback follows a strong advance but comes amid growing signs of exhaustion, shifting the focus to whether this decline marks a corrective move or the start of a broader reversal.
Date: 15.04.2026  |  Source: forex.com
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Quotes

Instrument Price Change (%)
EURUSD 1.179940 +0.028823%
GBPUSD 1.355200 -0.10099%
USDJPY 158.967000 +0.11273%
XAUUSD 4790.940000 -1.04962%
USDCAD 1.373620 -0.21285%
NZDUSD 0.590640 +0.11866%
USDCHF 0.782440 +0.22801%
AUDUSD 0.716140 +0.50382%
EURGBP 0.869660 +0.08286%
EURJPY 187.619000 +0.1992%
GBPJPY 215.614000 +0.10028%
AUDJPY 113.949000 +0.74265%
CADJPY 115.726000 +0.33814%
CHFJPY 203.180000 -0.13703%
NZDJPY 94.016000 +0.37045%
GBPCHF 1.061000 +0.21819%
EURCHF 0.923160 +0.28026%
USDMXN 17.247000 -0.081111%
USDZAR 16.364100 +0.18919%
USDTRY 44.730600 +0.006037%
USDRUB 75.990000 +0.819%
USDSEK 9.146000 -0.24813%
USDCNY 6.817500 +0.035216%

Upcoming Important Events

Time Country Event Forecast Previous
16.04.2026
01:30 🇦🇺 Employment Change (Mar) 20 48.9
01:30 🇦🇺 Unemployment Rate (Mar) 4.3 4.3
02:00 GDP Growth Rate YoY (Q1) 4.8 4.5
02:00 Gross Domestic Product YoY (Q1) 4.8 4.5
02:00 Industrial Production YoY (Mar) 5.5 6.3
02:00 Retail Sales YoY (Mar) 2.3 2.8
02:00 Unemployment Rate (Mar) 5.2 5.3
06:00 🇬🇧 Goods Trade Balance (Feb) -20.2 -14.45
06:00 🇬🇧 Goods Trade Balance Non-EU (Feb) -9.2 -3.46
06:00 🇬🇧 Gross Domestic Product MoM (Feb) 0.1 0