Canadian Dollar Forecast and Updates

USD/CAD Open: 1.3086-1.3087 Overnight Range: 1.3074-1.3141 Oil is at $55.23 and gold is at $1,495.00. US markets are lower today. The short-term USD/CAD technicals are neutral-bearish. For today, USD resistance is at 1.3107. Support is at 1.3068. The Canadian dollar continued to consolidate recent gains in a quiet overnight session. Traders are biding their time […]

USD/CAD Open: 1.3055-1.3056 Overnight Range: 1.3042-1.3070 Oil is at $54.98 and gold is at $1,489.00. US markets are mixed today. The short-term USD/CAD technicals are neutral-bullish. For today, USD resistance is at 1.3094. Support is at 1.3031. The Canadian dollar was ignored overnight. The rest of the G-10 major currencies didn’t fare much differently due […]

USD/CAD Open: 1.3059-1.3060 Overnight Range: 1.3049-1.3078 Oil is at $56.34 and gold is at $1,494.50. US markets are higher today. The short-term USD/CAD technicals are neutral-bullish. For today, USD resistance is at 1.3092. Support is at 1.3016. The Canadian dollar is inching higher. It is not alone. The Australian and New Zealand dollars have moved […]

USD/CAD Open: 1.3070-1.3071 Overnight Range: 1.3057-1.3076 Oil is at $56.00 and gold is at $1,513.50. US markets are higher today. The short-term USD/CAD technicals are neutral-bullish. For today, USD resistance is at 1.3087. Support is at 1.3045. The Canadian dollar is consolidating gains around significant USDCAD support in the 1.3040-60 zone. It is having a […]

USD/CAD Open: 1.3071-1.3072 Overnight Range: 1.3053-1.3089 Oil is at $56.11 and gold is at $1,505.00. US markets are mixed today. The short-term USD/CAD technicals are neutral-bullish. For today, USD resistance is at 1.3111. Support is at 1.3057. The Canadian dollar is firming. The rally is rather subtle, and it has avoided wild price gyrations usually […]

USD/CAD Open: 1.3092-1.3093 Overnight Range: 1.3085-1.3109 Oil is at $55.11 and gold is at $1,496.60. US markets are higher today. The short-term USD/CAD technicals are neutral-bullish. For today, USD resistance is at 1.3119. Support is at 1.3074. The Canadian dollar is underpinned by the latest Bank of Canada Business Outlook Survey. Business Sentiment improved, albeit […]

USD/CAD Open: 1.3087-1.3088 Overnight Range: 1.3071-1.3122 Oil is at $53.95 and gold is at $1,488.70. US markets are higher today. The short-term USD/CAD technicals are neutral-bearish. For today, USD resistance is at 1.3132. Support is at 1.3086. The Canadian dollar traded quietly overnight and ignored the Canadian election results. FX markets, in general, traded in […]

USD/CAD Open: 1.3132-1.3133 Overnight Range: 1.3098-1.3138 Oil is at $53.08 and gold is at $1,493.00. US markets are higher today. The short-term USD/CAD technicals are neutral-bullish. For today, USD resistance is at 1.3120. Support is at 1.3084. The Canadian dollar inched higher overnight, lifted by a modest improvement in global risk sentiment. Brexit and China/US […]

Economic Outlook and Summary The Federal Reserve signaled towards a dovish stance in early-October as it announced it will begin to purchase Treasury bills and conduct overnight repurchase agreements—a sign of short-term quantitative easing. Additionally, the US agreed to hold tariffs at 25% and China agreed to purchase 40-50 billion dollars of US agriculture, signaling […]

USD/CAD Open: 1.3136-1.3137 Overnight Range: 1.3131-1.3145 Oil is at $54.32 and gold is at $1,494.60. US markets are mixed today. The short-term USD/CAD technicals are neutral-bullish. For today, USD resistance is at 1.3160. Support is at 1.3120. The Canadian dollar is at the mercy of external developments and, for the moment, they favour the currency. […]