Canadian Dollar Forecast and Updates

USD/CAD Open: 1.3293-1.3294, Overnight Range: 1.3271-1.3305 Oil is at $50.99 and gold is at $1,652.30. US markets are higher today. The short-term USD/CAD technicals are neutral-bearish. For today, USD resistance is at 1.3308. Support is at 1.3245. Wall Street stock prices were knocked for a loop yesterday, and those losses weighed on the Canadian dollar. […]

USD/CAD Open: 1.3252-1.3253, Overnight Range: 1.3241-1.3307 Oil is at $51.20 and gold is at $1,674.40. US markets are lower today. The short-term USD/CAD technicals are neutral-bearish. For today, USD resistance is at 1.3314. Support is at 1.3230. The Canadian dollar plunged overnight, following a 4.2% drop in West Texas Intermediate oil prices. A steep jump […]

USD/CAD Open: 1.3256-1.3257, Overnight Range: 1.3219-1.3268 Oil is at $53.20 and gold is at $1,646.90. US markets are lower today. The short-term USD/CAD technicals are neutral-bearish. For today, USD resistance is at 1.3282. Support is at 1.3225. The Canadian dollar is trading like it’s a US dollar proxy, especially when compared to the other commodity […]

USD/CAD Open: 1.3218-1.3219, Overnight Range: 1.3211-1.3265 Oil is at $54.30 and gold is at $1,620.10. 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 1.3197. The Canadian dollar crept higher yesterday despite the domestic inflation data giving the Bank of Canada another excuse […]

USD/CAD Open: 1.3259-1.3260, Overnight Range: 1.3215-1.3260 Oil is at $53.15 and gold is at $1,610.50. US markets are higher today. The short-term USD/CAD technicals are neutral-bearish. For today, USD resistance is at 1.3260. Support is at 1.3205. The Canadian dollar is defying gravity. The domestic currency is clawing out gains even as the other commodity […]

USD/CAD Open: 1.3234-1.3235, Overnight Range: 1.3229-1.3278 Oil is at $51.46 and gold is at $1,605.80. US markets are lower today. The short-term USD/CAD technicals are neutral-bearish. For today, USD resistance is at 1.3285. Support is at 1.3228. The Canadian dollar got bitten by Apple. The trillion-dollar tech-behemoth downgraded their earnings outlook for Q1 2020 and […]

Economic Outlook and Summary The Federal Reserve interest rate currently stands at 1.5-1.75%, with expectations of a neutral stance throughout 2020. The neutral stance is supported by higher-than-expected job growth and inflation, registering an increase in payroll by 225,000, and an inflation rate of 2.5%. Further growth is expected to remain within 2% for 2020, […]

USD/CAD Open: 1.3267-1.3268, Overnight Range: 1.3235-1.3269 Oil is at $52.03 and gold is at $1,585.60. US markets are lower today. The short-term USD/CAD technicals are neutral-bearish. For today, USD resistance is at 1.3271. Support is at 1.3232. Love is in the air, and the Canadian dollar is feeling it. The Loonie continues to probe resistance […]

USD/CAD Open: 1.3249-1.3250, Overnight Range: 1.3240-1.3271 Oil is at $51.40 and gold is at $1,579.80. US markets are lower today. The short-term USD/CAD technicals are neutral-bearish. For today, USD resistance is at 1.3273. Support is at 1.3222. The Canadian dollar drifted higher steadily this week, but the rally seems to have stalled overnight. USDCAD was […]

USD/CAD Open: 1.3285-1.3286, Overnight Range: 1.3253-1.3295 Oil is at $51.52 and gold is at $1,567.60. US markets are higher today. The short-term USD/CAD technicals are neutral-bearish. For today, USD resistance is at 1.3286. Support is at 1.3225. The Canadian dollar managed to scratch out a small gain overnight, and domestic developments did not have anything […]