News image

Canadian Dollar Update February 6, 2019

USD/CAD Open: 1.3175-1.3176      Overnight Range:     1.3124-1.3208

The Canadian dollar was rangebound in overnight currency exchange markets.  Oil is at $53.40 and gold is at $1,317.  US markets are mixed. There are no releases scheduled for today’s session.

The short-term USD/CAD technicals are neutral-bearish.  For today, USD resistance is at 1.3217.  Support is at 1.3143.

The Canadian dollar is weaker early in today’s session, underperforming the majority of G10 peers. Oil prices are contributing to CAD weakness, as they have fallen 3.6% this week. The AUD is a clear underperformer, following comments from RBA Gov. Lane that were more cautious than expected. Following the RBA statement, expectations for future tightening in Canada moderated slightly. There are no domestic releases expected for today.

Today’s Suggested Range USD/CAD: 1.3150 – 1.3250

Don't Waste Money With Banks.
Get Exchange Rates Up to 2% Better With KnightsbridgeFX

Get An Exchange Quote Now


Rahim Madhavji | Knightsbridge Foreign Exchange | Toll-Free: 1-877-355-5239

Knightsbridge Foreign Exchange has based the opinions expressed herein on information generally available to the public. Knightsbridge Foreign Exchange makes no warranty concerning the accuracy of this information and specifically disclaims any liability for trading decisions based on the opinions expressed and information contained herein. Such information and opinions are for general information only and are not intended to present advice with respect to matters reviewed and commented upon.

Click Here to Subscribe

Get Started With Knightsbridge Foreign Exchange


Get Your Free Quote


Book Foreign Exchange Rate


Send Funds



Step 1 : Get Your Free Quote

You completed 0% of your profile.

First Name *

Last Name *

Address *

City *

Province *

Postal Code *

Phone *

Email *

Occupation *

Date of Birth *

Please provide the reason for buying or selling the currency: *

(Travel, Bills to Pay, Purchase or Sale of Investment, etc.)

Please explain how you first obtain the source of funds being sold: *

(such as: Work Income, Sale of Investment, Gift, Inheritance, etc)

Are you or any close relative a Politically Exposed Foreign Person? *

(Head of State, Member of Senate, House of Commons, or Legistrature, etc)



I confirm I am not transacting on behalf of a third party and I have read and I agree to the Terms and Conditions

By KBFX | February 6, 2019 | Daily Update | 0 comments