Canadian Dollar Forecast and Updates

USD/CAD Open: 1.3171-1.3172, Overnight Range: 1.3115-1.3186 Oil is at $60.22 and gold is at $1,479.90. US markets are higher today. The short-term USD/CAD technicals are neutral-bearish. For today, USD resistance is at 1.3179. Support is at 1.3119. The Canadian dollar extended last week’s gains in an uneventful overnight session. The press release from the US […]

USD/CAD Open: 1.3178-1.3179, Overnight Range: 1.3150-1.3181 Oil is at $59.40 and gold is at $1,476.10. US markets are lower today. The short-term USD/CAD technicals are neutral-bearish. For today, USD resistance is at 1.3187. Support is at 1.3145. The Canadian dollar is trading with a firm tone. Prices are underpinned by what appears to be a […]

USD/CAD Open: 1.3172-1.3173, Overnight Range: 1.3162-1.3191 Oil is at $59.34 and gold is at $1,473.70. US markets are higher today. The short-term USD/CAD technicals are neutral-bearish. For today, USD resistance is at 1.3215. Support is at 1.3153. The Canadian dollar rallied ahead of and then after yesterday’s FOMC policy meeting statement. The FOMC left interest […]

USD/CAD Open: 1.3230-1.3231, Overnight Range: 1.3216-1.3239 Oil is at $58.32 and gold is at $1,475.60. US markets are mixed today. The short-term USD/CAD technicals are neutral-bearish. For today, USD resistance is at 1.3248. Support is at 1.3208. The Canadian dollar traded quietly overnight, alongside the rest of the G-10 major currencies. FX traders worldwide are […]

USD/CAD Open: 1.3239-1.3240, Overnight Range: 1.3224-1.3249 Oil is at $59.28 and gold is at $1,467.40. US markets are higher today. The short-term USD/CAD technicals are neutral-bearish. For today, USD resistance is at 1.3256. Support is at 1.3210. The Canadian dollar is parked. It has yet to recover following Friday’s post-US and Canadian employment report sell-off, […]

USD/CAD Open: 1.3251-1.3252, Overnight Range: 1.3230-1.3265 Oil is at $59.01 and gold is at $1,466.20. US markets are mixed today. The short-term USD/CAD technicals are neutral-bearish. For today, USD resistance is at 1.3271. Support is at 1.3207. The Canadian dollar was torpedoed on Friday. A surprisingly robust US nonfarm payrolls report combined with an extremely […]

USD/CAD Open: 1.3173-1.3174, Overnight Range: 1.3171-1.3259 Oil is at $59.46 and gold is at $1,466.70. US markets are higher today. The short-term USD/CAD technicals are neutral-bearish. For today, USD resistance is at 1.3277. Support is at 1.3222. The Canadian dollar is consolidating its post-Bank of Canada (BoC) monetary policy statement gains. The currency rallied sharply […]

USD/CAD Open: 1.3200-1.3201, Overnight Range: 1.3158-1.3202 Oil is at $58.86 and gold is at $1,482.60. US markets are lower today. The short-term USD/CAD technicals are neutral-bearish. For today, USD resistance is at 1.3208. Support is at 1.3145. The Canadian dollar soared yesterday, following a surprisingly hawkish tone to the Bank of Canada (BoC) monetary policy […]

USD/CAD Open: 1.3295-1.3296, Overnight Range: 1.3212-1.3297 Oil is at $58.22 and gold is at $1,478.40. US markets are higher today. The short-term USD/CAD technicals are neutral-bearish. For today, USD resistance is at 1.3324. Support is at 1.3148. The Canadian dollar inched higher overnight, despite a somewhat risk-averse environment. Canadian dollar traders were looking ahead to […]