USD CAD (US Dollar / Canadian Dollar) The US Dollar vs. the Canadian Dollar is a very popular currency pair due to the extremely large amount of cross border trading that occurs between the U.S. and Canada. The CAD is considered to be a commodity currency because of the large amount of natural resources, especially oil, that are mined and exported to southern neighbors. Canadian dollar forecast, USD/CAD Technical Analysis ... Apr 04, 2020 · The Canadian dollar continues to show volatility, as USD/CAD climbed by 1.6% last week. There are five events in the upcoming week, including employment change. Here is an outlook at the highlights and an updated technical analysis for USD/CAD.