Canadian Dollar Forecast and Updates

Knightsbridge FX keeps you to date on the latest Canadian Dollar forecast, updates and latest outlook. Stay informed on the latest CAD news, how it's doing relative to USD.

Canadian Dollar Update November 11, 2019 – Quiet day ahead

USD/CAD Open: 1.3218-1.3219 Overnight Range: 1.3216-1.3235 Oil is at $57.18 and gold is at $1,455.00. US markets are lower today. The short-term USD/CAD technicals are neutral-bearish. For today, USD resistance is at 1.3241. Support is at 1.3199. Toronto markets will be quiet today. Remembrance Day is a Canadian bank holiday. However, market closures are not […]

By KBFX | November 11, 2019 | Daily Update | 0 comments Read more >

Canadian Dollar Update November 8, 2019 – Canadian Dollar counting down to Canada jobs report

USD/CAD Open: 1.3174-1.3175 Overnight Range: 1.3172-1.3237 Oil is at $55.94 and gold is at $1,467.00. US markets are mixed today. The short-term USD/CAD technicals are neutral-bearish. For today, USD resistance is at 1.3260. Support is at 1.3201. Canadian dollar traders are awaiting the Statistics Canada release of the monthly employment report. This report tends to […]

By KBFX | November 8, 2019 | Daily Update | 0 comments Read more >

Canadian Dollar Update November 7, 2019 – Canadian Dollar shrugs off trade news

USD/CAD Open: 1.3180-1.3181 Overnight Range: 1.3160-1.3197 Oil is at $57.15 and gold is at $1,483.40. US markets are higher today. The short-term USD/CAD technicals are neutral-bearish. For today, USD resistance is at 1.3199. Support is at 1.3138. The Canadian dollar ignored US/China trade news headlines, overnight. The rest of the FX majors did not. China […]

By KBFX | November 7, 2019 | Daily Update | 0 comments Read more >

Canadian Dollar Update November 6, 2019 – Canadian Dollar rally fades

USD/CAD Open: 1.3156-1.3157 Overnight Range: 1.3139-1.3184 Oil is at $57.35 and gold is at $1,489.40. US markets are lower today. The short-term USD/CAD technicals are neutral-bearish. For today, USD resistance is at 1.3188. Support is at 1.3146. The Canadian dollar remains at the mercy of broad US dollar sentiment. This week’s modest shift to a […]

By KBFX | November 6, 2019 | Daily Update | 0 comments Read more >

Canadian Dollar Update November 5, 2019 – Canadian Dollar tracking risk sentiment

USD/CAD Open: 1.3150-1.3151 Overnight Range: 1.3115-1.3161 Oil is at $57.16 and gold is at $1,489.10. US markets are mixed today. The short-term USD/CAD technicals are neutral-bearish. For today, USD resistance is at 1.3163. Support is at 1.3105. FX risk sentiment has improved, and that’s good news for the Canadian dollar. The UK’s Financial Times reported […]

By KBFX | November 5, 2019 | Daily Update | 0 comments Read more >

Canadian Dollar Update November 4, 2019 – Canadian Dollar pressured by BoC outlook

USD/CAD Open: 1.3136-1.3137 Overnight Range: 1.3127-1.3160 Oil is at $57.12 and gold is at $1,511.20. US markets are higher today. The short-term USD/CAD technicals are neutral-bearish. For today, USD resistance is at 1.3164. Support is at 1.3118. The Canadian dollar continues to be pressured by the Bank of Canada’s dovish monetary policy outlook. However, progress […]

By KBFX | November 4, 2019 | Daily Update | 0 comments Read more >

Canadian Dollar Update November 1, 2019 – Canadian Dollar awaits NFP data

USD/CAD Open: 1.3163-1.3164 Overnight Range: 1.3141-1.3196 Oil is at $55.05 and gold is at $1,512.30. US markets are higher today. The short-term USD/CAD technicals are neutral-bearish. For today, USD resistance is at 1.3238. Support is at 1.3131. The Canadian dollar is trading in Toronto right where it closed on Thursday, after trading without conviction overnight. […]

By KBFX | November 1, 2019 | Daily Update | 0 comments Read more >

Canadian Dollar Update October 31, 2019 – Canadian Dollar hammered by BoC

USD/CAD Open: 1.3158-1.3159 Overnight Range: 1.3148-1.3178 Oil is at $54.39 and gold is at $1,514.40. US markets are lower today. The short-term USD/CAD technicals are neutral-bearish. For today, USD resistance is at 1.3177. Support is at 1.3128. The Canadian dollar ended a two-week rally spectacularly following a dovish Bank of Canada policy statement and Monetary […]

By KBFX | October 31, 2019 | Daily Update | 0 comments Read more >

Canadian Dollar Update October 30, 2019 – Canadian Dollar traders await MPR

USD/CAD Open: 1.3086-1.3087 Overnight Range: 1.3074-1.3141 Oil is at $55.23 and gold is at $1,495.00. US markets are lower today. The short-term USD/CAD technicals are neutral-bearish. For today, USD resistance is at 1.3107. Support is at 1.3068. The Canadian dollar continued to consolidate recent gains in a quiet overnight session. Traders are biding their time […]

By KBFX | October 30, 2019 | Daily Update | 0 comments Read more >

Canadian Dollar Update October 29, 2019 – Canadian Dollar ignored

USD/CAD Open: 1.3055-1.3056 Overnight Range: 1.3042-1.3070 Oil is at $54.98 and gold is at $1,489.00. US markets are mixed today. The short-term USD/CAD technicals are neutral-bullish. For today, USD resistance is at 1.3094. Support is at 1.3031. The Canadian dollar was ignored overnight. The rest of the G-10 major currencies didn’t fare much differently due […]

By KBFX | October 29, 2019 | Daily Update | 0 comments Read more >

Canadian Dollar Forecast

Knightsbridge FX is your authoritative source for Canadian dollar forecast and update information. Find out how oil prices interest rate activity are likely to affect the CAD. Stay abreast on what the Bank of Canada and Central Bank are doing, as well as how the CAD is doing against the Greenback.
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