Canadian Dollar Forecast and Updates

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 […]

USD/CAD Open: 1.3125-1.3126, Overnight Range: 1.3118-1.3181 Oil is at $60.35 and gold is at $1,483.90. US markets are higher today. The short-term USD/CAD technicals are neutral-bearish. For today, USD resistance is at 1.3195. Support is at 1.3133. The Canadian dollar traded with a slight negative bias overnight. Yesterday, USDCAD tested support in the 1.3100-05 area, […]

USD/CAD Open: 1.3114-1.3115, Overnight Range: 1.3108-1.3138 Oil is at $61.13 and gold is at $1,480.30. US markets are higher today. The short-term USD/CAD technicals are neutral-bearish. For today, USD resistance is at 1.3168. Support is at 1.3087. The Canadian dollar is trading on a firm note and back to levels last seen on October 30, […]

USD/CAD Open: 1.3159-1.3160, Overnight Range: 1.3102-1.3175 Oil is at $60.92 and gold is at $1,480.00. US markets are higher today. The short-term USD/CAD technicals are neutral-bullish. For today, USD resistance is at 1.3145. Support is at 1.3088. The Canadian dollar is rangebound and will likely remain that way until mid-January. December is ending, and many […]

USD/CAD Open: 1.3149-1.3150, Overnight Range: 1.3145-1.3185 Oil is at $60.81 and gold is at $1,479.20. US markets are higher today. The short-term USD/CAD technicals are neutral-bearish. For today, USD resistance is at 1.3191. Support is at 1.3140. The Canadian dollar rallied yesterday but hit a ceiling, which knocked prices lower. Prices continued to fall overnight […]

Economic Outlook and Summary The Federal Reserve proceeded with a neutral stance in their December rate announcement, with the prospect of undertaking additional open market operations—in the form of short-term coupon-bearing securities. Progress in the trade war prompted positive sentiments in the markets as phase one of the agreement will require China to purchase approximately […]