Canadian Dollar Forecast and Updates

USD/CAD Open: 1.3232-1.3233 Overnight Range: 1.3227-1.3268 Oil is at $57.26 and gold is at $1,465.50. US markets are mixed today. The short-term USD/CAD technicals are neutral-bearish. For today, USD resistance is at 1.3268. Support is at 1.3234. The Canadian dollar is underperforming compared to its Antipodean cousins, especially the New Zealand dollar. NZDUSD soared overnight, […]

USD/CAD Open: 1.3232-1.3233 Overnight Range: 1.3216-1.3257 Oil is at $57.24 and gold is at $1,454.70. US markets are higher today. The short-term USD/CAD technicals are neutral-bearish. For today, USD resistance is at 1.3269. Support is at 1.3186. The Canadian dollar drifted lower yesterday and then consolidated the losses overnight. The Loonie tracked the underperformance of […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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. […]

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 […]