Canadian Dollar Forecast and Updates

North American markets end best year since 2013 thanks to big gains in tech stocks

USD/CAD Open: 1.3039-1.3040, Overnight Range: 1.3026-1.3090 Oil is at $58.83 and gold is at $1,551.30. US markets are higher today. The short-term USD/CAD technicals are neutral-bullish. For today, USD resistance is at 1.3096. Support is at 1.3040. The Canadian drifted lower overnight, sinking alongside West Texas Intermediate oil prices. WTI has plunged 9.5% since Tuesday […]

USD/CAD Open: 1.3002-1.3003, Overnight Range: 1.2976-1.3043 Oil is at $61.10 and gold is at $1,569.50. US markets are higher today. The short-term USD/CAD technicals are neutral-bullish. For today, USD resistance is at 1.3076. Support is at 1.2989. The Canadian stayed on an even keel despite volatile FX price action overnight. US-Iran tensions sent Asia traders […]

USD/CAD Open: 1.2964-1.2965, Overnight Range: 1.2957-1.3024 Oil is at $62.70 and gold is at $1,572.20. US markets are lower today. The short-term USD/CAD technicals are neutral-bearish. For today, USD resistance is at 1.3051. Support is at 1.2978. The Canadian dollar demonstrated its resilience overnight. The US dollar squeezed out gains against the major G-10 currencies, […]

USD/CAD Open: 1.2986-1.2987, Overnight Range: 1.2964-1.2990 Oil is at $63.31 and gold is at $1,564.80. US markets are mixed today. The short-term USD/CAD technicals are neutral-bullish. For today, USD resistance is at 1.3014. Support is at 1.2954. The Canadian dollar rally was fueled by the steep rise in crude oil prices. FX ranges were relatively […]

USD/CAD Open: 1.2979-1.2980, Overnight Range: 1.2961-1.3005 Oil is at $63.38 and gold is at $1,551.40. US markets are lower today. The short-term USD/CAD technicals are neutral-bullish. For today, USD resistance is at 1.3016. Support is at 1.2968. The Canadian dollar flirted with resistance yesterday but was unable to make any additional gains. Fears that crude […]

USD/CAD Open: 1.2975-1.2976, Overnight Range: 1.2968-1.3008 Oil is at $61.17 and gold is at $1,531.00. US markets are higher today. The short-term USD/CAD technicals are neutral-bullish. For today, USD resistance is at 1.3017. Support is at 1.2948. It’s a new year and a new decade. And for the Canadian dollar, it is a “new Big […]

USD/CAD Open: 1.3068-1.3069, Overnight Range: 1.2992-1.3068 Oil is at $60.80 and gold is at $1,520.80. US markets are higher today. The short-term USD/CAD technicals are neutral-bullish. For today, USD resistance is at 1.3015. Support is at 1.2972. The Canadian dollar wins the 2019 “Best-performing currency award.” That prize is in the major G-10 currency category […]

USD/CAD Open: 1.3068-1.3069, Overnight Range: 1.3054-1.3084 Oil is at $61.47 and gold is at $1,518.90. US markets are lower today. The short-term USD/CAD technicals are neutral-bearish. For today, USD resistance is at 1.3093. Support is at 1.3023. Santa was good to the Canadian dollar. The local currency sank following a weaker than forecast October GDP […]