Canadian Dollar Forecast and Updates

Economic Outlook and Summary After strong economic indicators demonstrated an increased probability of a recession in the U.S, investors will be looking towards the Federal Reserve as they expect a rate-cut of 25 basis points. Despite a strong August for employment and business activity, an inversion of the 10- and 2-year yield curve and the […]

USD/CAD Open: 1.3240-1.3241 Overnight Range: 1.3234-1.3299 Oil is at $59.00 and gold is at $1,509.30. US markets are mixed today. The short-term USD/CAD technicals are neutral-bearish. For today, USD resistance is at 1.3342. Support is at 1.3218. The Canadian dollar is outperforming the other commodity bloc currencies, (AUD and NZD) but still a tad weaker […]

USD/CAD Open: 1.3220-1.3221 Overnight Range: 1.3209-1.3266 Oil is at $60.12 and gold is at $1,508.60. US markets are lower today. The short-term USD/CAD technicals are neutral-bearish. For today, USD resistance is at 1.3274. Support is at 1.3214. The Canadian dollar gapped higher in Asia when oil prices surged upwards. West Texas Intermediate jumped to $63.15/barrel […]

USD/CAD Open: 1.3209-1.3210 Overnight Range: 1.3202-1.3271 Oil is at $54.99 and gold is at $1,497.40. US markets are mixed today. The short-term USD/CAD technicals are neutral-bearish. For today, USD resistance is at 1.3312. Support is at 1.3217. The Canadian dollar may have walked under a ladder, or maybe a black cat crossed its path. Whatever […]

USD/CAD Open: 1.3192-1.3193 Overnight Range: 1.3176-1.3218 Oil is at $54.32 and gold is at $1,522.10 US markets are mixed today. The short-term USD/CAD technicals are neutral-bearish. For today, USD resistance is at 1.3249. Support is at 1.3168. The Canadian dollar is sitting on the fence. It was struggling to make gains below the USDCAD level […]

USD/CAD Open: 1.3152-1.3153 Overnight Range: 1.3139-1.3170 Oil is at $57.58 and gold is at $1,500.00. US markets are higher today. The short-term USD/CAD technicals are neutral-bearish. For today, USD resistance is at 1.3177. Support is at 1.3138. The Canadian dollar is consolidating its recent gains. Last week’s robust employment report may have reduced the incentive […]

USD/CAD Open: 1.3168-1.3169 Overnight Range: 1.3143-1.3191 Oil is at $58.57 and gold is at $1,503.40. US markets are lower today. The short-term USD/CAD technicals are neutral-bearish. For today, USD resistance is at 1.3196. Support is at 1.3109. The Canadian dollar is in demand. A steep rally in West Texas Intermediate (WTI) oil prices since the […]

USD/CAD Open: 1.3175-1.3176 Overnight Range: 1.3150-1.3177 Oil is at $57.44 and gold is at $1,517.60 US markets are mixed today. The short-term USD/CAD technicals are neutral-bearish. For today, USD resistance is at 1.3190. Support is at 1.3129. The Canadian dollar surged higher Friday and then consolidated those gains overnight. The Canadian dollar demand followed the […]

USD/CAD Open: 1.3227-1.3228 Overnight Range: 1.3160-1.3244 Oil is at $55.10 and gold is at $1,533.00 US markets are mixed today. The short-term USD/CAD technicals are neutral-bullish. For today, USD resistance is at 1.3202. Support is at 1.3150. The Canadian dollar rally stalled. Prices consolidated in a USDCAD range of 1.3198-1.3233 range overnight ahead of today’s […]

USD/CAD Open: 1.3222-1.3223 Overnight Range: 1.3191-1.3234 Oil is at $56.77 and gold is at $1,545.00. US markets are higher today. The short-term USD/CAD technicals are neutral-bearish. For today, USD resistance is at 1.3228. Support is at 1.3189. The Canadian dollar rallied yesterday and continued the move overnight. On Wednesday, the Bank of Canada left the […]