Canadian Dollar Forecast and Updates

USD/CAD Open: 1.3726-1.3727, Overnight Range: 1.3681-1.3754 Oil is at $33.57 and gold is at $1,659.80. US markets are lower today. The short-term USD/CAD technicals are neutral-bearish. For today, USD resistance is at 1.3779. Support is at 1.3692. The Canadian dollar is underwater, although not as deep as it was yesterday. USDCAD spiked to 1.3795 from […]

USD/CAD Open: 1.3698-1.3699, Overnight Range: 1.3609-1.3796 Oil is at $33.48 and gold is at $1,659.80. US markets are higher today. The short-term USD/CAD technicals are neutral-bearish. For today, USD resistance is at 1.3829. Support is at 1.3719. The Canadian dollar outperformed its G-10 major currency peers in overnight trading, thanks to President Trump’s stimulus plans. […]

FX Morning Update March 9, 2020 USD/CAD Open: 1.3421-1.3549 Overnight Range: 1.3517-1.3759 Oil is at $31.22 and gold is at $1,676.80. US markets are lower today. The short-term USD/CAD technicals are Strong Buy. For today, USD resistance is at 1.3719. Support is at 1.3543. Canadian dollar falls of the cliff March 9, 2020 The Canadian […]

FX Morning Update March 6, 2020 USD/CAD Open: 1.3411-1.3411 Overnight Range: 1.3379-1.3428 Oil is at $43.99 and gold is at $1,677.80. US markets are lower today. The short-term USD/CAD technicals are strong buy. For today, USD resistance is at 1.3453. Support is at 1.3375. Canadian dollar sidelined The Canadian dollar was sidelined overnight. A wave […]

FX Morning Update March 5, 2020 USD/CAD Open: 1.3385-1.3385 Overnight Range: 1.3383-1.3433 Oil is at $46.87, and gold is at $1,658.20. US markets are higher today. The short-term USD/CAD technicals are Strong Buy. For today, USD resistance is at 1.3452. Support is at 1.3386. Canadian dollar sinking after BoC rate cut March 5, 2020 The […]

FX Morning Update March 4, 2020 USD/CAD Open: 1.3385-1.3385 Overnight Range: 1.3344-1.3387 Oil is at $48.15, and gold is at $1,642.50. US markets are lower today. The short-term USD/CAD technicals are Neutral. For today, USD resistance is at 1.3376. Support is at 1.3334. Canadian dollar vulnerable after Fed rate cut March 4, 2020 The Canadian […]

FX Morning Update March 3, 2020 USD/CAD Open: 1.3321-1.3321 Overnight Range: 1.3319-1.3373 Oil is at $47.70, and gold is at $1,604.40. US markets are lower today. The short-term USD/CAD technicals are Strong Buy. For today, USD resistance is at 1.3394. Support is at 1.3331. Canadian dollar awaiting BoC March 3, 2020 The Canadian dollar see-sawed […]

FX Morning Update March 2, 2020 USD/CAD Open: 1.3390-1.3433 Overnight Range: 1.3314-1.3439 Oil is at $45.57, and gold is at $1,601.50. US markets are lower today. The short-term USD/CAD technicals are neutral. For today, USD resistance is at 1.3404. Support is at 1.3310. March 2, 2020 The Canadian dollar stepped back from the abyss seen […]

USD/CAD Open: 1.3331-1.3332, Overnight Range: 1.3316-1.3374 Oil is at $46.15 and gold is at $1,657.90. US markets are lower today. The short-term USD/CAD technicals are neutral-bearish. For today, USD resistance is at 1.3398. Support is at 1.3328. The Canadian dollar is at a tipping point. The currency did not participate in the broad US dollar […]

USD/CAD Open: 1.3278-1.3279, Overnight Range: 1.3271-1.3307 Oil is at $50.08 and gold is at $1,638.00. US markets are higher today. The short-term USD/CAD technicals are neutral-bearish. For today, USD resistance is at 1.3327. Support is at 1.3236. All it took was for the US Centers for Disease Control and Prevention to issue a press release, […]