Canadian Dollar Forecast and Updates

Knightsbridge FX keeps you to date on the latest Canadian Dollar forecast, updates and latest outlook. Stay informed on the latest CAD news, how it's doing relative to USD.

Canadian Dollar Update February 11, 2020 – Canadian Dollar at risk

USD/CAD Open: 1.3316-1.3317, Overnight Range: 1.3276-1.3320 Oil is at $50.28 and gold is at $1,566.30. US markets are higher today. The short-term USD/CAD technicals are neutral-bearish. For today, USD resistance is at 1.3310. Support is at 1.3262. Canadian Finance Minister Bill Morneau taxed his brain and concluded that the coronavirus could have an impact on […]

By KBFX | February 11, 2020 | Daily Update | 0 comments Read more >

Canadian Dollar Update February 10, 2020 – Canadian Dollar directionless with negative bias

USD/CAD Open: 1.3300-1.3301, Overnight Range: 1.3288-1.3329 Oil is at $49.91 and gold is at $1,577.90. US markets are higher today. The short-term USD/CAD technicals are neutral-bearish. For today, USD resistance is at 1.3340. Support is at 1.3305. The Canadian dollar inched higher overnight, alongside commodity bloc currency gains. Those gains may have more to do […]

By KBFX | February 10, 2020 | Daily Update | 0 comments Read more >

Canadian Dollar Update February 7, 2020 – Canadian Dollar sinking

USD/CAD Open: 1.3283-1.3284, Overnight Range: 1.3278-1.3321 Oil is at $50.60 and gold is at $1,572.90. US markets are lower today. The short-term USD/CAD technicals are neutral-bearish. For today, USD resistance is at 1.3332. Support is at 1.3293. The Canadian dollar is sinking. USDCAD support in the 1.3305-10 area crumbled overnight on the back of broad […]

By KBFX | February 7, 2020 | Daily Update | 0 comments Read more >

Canadian Dollar Update February 5, 2020 – Canadian Dollar sentiment is negative

USD/CAD Open: 1.3276-1.3277, Overnight Range: 1.3262-1.3303 Oil is at $51.45 and gold is at $1,561.80. US markets are higher today. The short-term USD/CAD technicals are neutral-bearish. For today, USD resistance is at 1.3332. Support is at 1.3259. The Canadian dollar sentiment is negative. Low oil prices and a dovish Bank of Canada monetary policy outlook […]

By KBFX | February 5, 2020 | Daily Update | 0 comments Read more >

Canadian Dollar Update February 3, 2020 – Canadian Dollar on defensive from oil price plunge

USD/CAD Open: 1.3236-1.3237, Overnight Range: 1.3231-1.3268 Oil is at $51.02 and gold is at $1,580.90. 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 1.3217. The Canadian dollar is on the defensive after a steep drop in oil prices to start the week. […]

By KBFX | February 3, 2020 | Daily Update | 0 comments Read more >

Canadian Dollar Update January 31, 2020 – Canadian Dollar crunched

USD/CAD Open: 1.3208-1.3209      Overnight Range: 1.3195-1.3244 Oil is at $51.53 and gold is at $1,591.50. US markets are lower today. The short-term USD/CAD technicals are neutral-bearish. For today, USD resistance is at 1.3248. Support is at 1.3199. The Canadian dollar got crunched again, overnight. It closed at its best level for Thursday’s session, but things […]

By KBFX | January 31, 2020 | Daily Update | 0 comments Read more >

Canadian Dollar Update January 30, 2020 – Canadian Dollar undermined by risk-aversion

USD/CAD Open: 1.3199-1.3200, Overnight Range: 1.3187-1.3226 Oil is at $51.89 and gold is at $1,582.30. US markets are lower today. The short-term USD/CAD technicals are neutral-bearish. For today, USD resistance is at 1.3241. Support is at 1.3193. The Canadian dollar continued to sink overnight, weighed down by ongoing risk-aversion sentiment. The World Health Organization is […]

By KBFX | January 30, 2020 | Daily Update | 0 comments Read more >

Canadian Dollar Update January 29, 2020 – Canadian Dollar marking time

USD/CAD Open: 1.3155-1.3156, Overnight Range: 1.3155-1.3192 Oil is at $53.44 and gold is at $1,568.40. US markets are higher today. The short-term USD/CAD technicals are neutral-bearish. For today, USD resistance is at 1.3210. Support is at 1.3159. The Canadian dollar is marking time, alongside the rest of the G-10 major currencies. Traders are waiting for […]

By KBFX | January 29, 2020 | Daily Update | 0 comments Read more >

Canadian Dollar Update January 28, 2020 – Canadian Dollar dropping steadily

USD/CAD Open: 1.3193-1.3194, Overnight Range: 1.3179-1.3205 Oil is at $53.05 and gold is at $1,575.10. US markets are higher today. The short-term USD/CAD technicals are neutral-bearish. For today, USD resistance is at 1.3224. Support is at 1.3148. The Canadian dollar inched lower overnight, continuing the trend that began following the Bank of Canada monetary policy […]

By KBFX | January 28, 2020 | Daily Update | 0 comments Read more >

Canadian Dollar Update January 27. 2020 – Canadian Dollar suffering from oil price blues

USD/CAD Open: 1.3153-1.3154, Overnight Range: 1.3148-1.3200 Oil is at $53.23 and gold is at $1,580.80. US markets are lower today. The short-term USD/CAD technicals are neutral-bearish. For today, USD resistance is at 1.3224. Support is at 1.3146. Gold prices jumped at the Asia open, rising from Friday’s closing level of $1,571.50/ounce to $1,588.30 before easing […]

By KBFX | January 27, 2020 | Daily Update | 0 comments Read more >

Canadian Dollar Forecast

Knightsbridge FX is your authoritative source for Canadian dollar forecast and update information. Find out how oil prices, interest rate activity, and the Coronavirus/COVID-19 are likely to affect the CAD, and its relationship to the USD. Stay abreast on what the Bank of Canada and Central Bank are doing, as well as how the CAD is doing against the Greenback.
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