Canadian Dollar Forecast and Updates

USD/CAD Open: 1.3047-1.3048, Overnight Range: 1.3044-1.3077 Oil is at $58.28 and gold is at $1,552.20. US markets are lower today. The short-term USD/CAD technicals are neutral-bearish. For today, USD resistance is at 1.3081. Support is at 1.3033. The Canadian dollar is trading marginally weaker compared to yesterday’s Toronto closing level. However, it remains locked into […]

Canadian dollar firms as trade pact supports investor sentiment

USD/CAD – Dollar Bulls Suffering

USD/CAD Open: 1.3057-1.3058, Overnight Range: 1.3053-1.3072 Oil is at $58.60 and gold is at $1,560.50. US markets are higher today. The short-term USD/CAD technicals are neutral-bearish. For today, USD resistance is at 1.3077. Support is at 1.3041. The Canadian dollar started the week at the same price, it ended the previous week, even though the […]

Economic Outlook and Summary The Federal Reserve interest rate currently stands at 1.5-1.75%, with expectations of a neutral stance during their January 28th and 29th meetings. The neutral stance is supported by moderate job growth and inflation, registering an increase in payroll by 145,000, and an inflation rate of 2.3%. Further growth is expected to […]

USD/CAD Open: 1.3041-1.3042, Overnight Range: 1.3033-1.3067 Oil is at $58.50 and gold is at $1,554.80. US markets are higher today. The short-term USD/CAD technicals are neutral-bearish. For today, USD resistance is at 1.3091. Support is at 1.3019. The Canadian dollar is drifting lower in early Toronto trading, after stagnating overnight. The catalyst for this morning’s […]

USD/CAD Open: 1.3041-1.3042, Overnight Range: 1.3032-1.3056 Oil is at $58.62 and gold is at $1,549.90. US markets are higher today. The short-term USD/CAD technicals are neutral-bearish. For today, USD resistance is at 1.3071. Support is at 1.3015. The Canadian dollar is trading sideways. It bounced around in a narrow USDCAD range of 1.3035-1.3046 overnight, unable […]

USD/CAD Open: 1.3061-1.3062, Overnight Range: 1.3046-1.3078 Oil is at $57.40 and gold is at $1,550.10. US markets are higher today. The short-term USD/CAD technicals are neutral-bearish. For today, USD resistance is at 1.3090. Support is at 1.3028. The US and China are finally putting the ink to the long and tedious trade discussions that started […]

USD/CAD Open: 1.3056-1.3057, Overnight Range: 1.3049-1.3079 Oil is at $58.20 and gold is at $1,544.50. US markets are mixed today. The short-term USD/CAD technicals are neutral-bearish. For today, USD resistance is at 1.3087. Support is at 1.3048. Canadian dollar bulls are suffering. The sharp reversal in oil prices from their recent peak and positive US […]

USD/CAD Open: 1.3050-1.3051, Overnight Range: 1.3034-1.3067 Oil is at $58.23 and gold is at $1,552.80. US markets are higher today. The short-term USD/CAD technicals are neutral-bearish. For today, USD resistance is at 1.3083. Support is at 1.3017. The Canadian dollar is looking for direction. It tried to rally last week but failed. Slightly dovish comments […]