Daily Update

Updates on the latest happenings surrounding the Canadian dollar and other USD/CAD-related news.

Canadian Dollar Update November 20, 2019 – Canadian Dollar drops off a cliff

USD/CAD Open: 1.3267-1.3268, Overnight Range: 1.3262-1.3315 Oil is at $55.65 and gold is at $1,470.80. 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 1.3244. The Canadian dollar is rangebound no more. Prices soared through the top of the USDCAD 1.3040-1.3240 band that […]

By KBFX | November 20, 2019 | Daily Update | 0 comments Read more >

Canadian Dollar Update November 19, 2019 – Canadian Dollar is rangebound

USD/CAD Open: 1.3205-1.3206, Overnight Range: 1.3190-1.3222 Oil is at $55.90 and gold is at $1,469.40. 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 1.3189. The Canadian dollar is trapped inside a USDCAD 1.3040-1.3260 range and has been, since October 11. There isn’t […]

By KBFX | November 19, 2019 | Daily Update | 0 comments Read more >

Canadian Dollar Update November 18, 2019 – Canadian Dollar climbs on trade hopes

USD/CAD Open: 1.3222-1.3223, Overnight Range: 1.3209-1.3235 Oil is at $57.08 and gold is at $1,470.20. US markets are mixed today. The short-term USD/CAD technicals are neutral-bearish. For today, USD resistance is at 1.3244. Support is at 1.3204. The Canadian dollar is a tad firmer this morning, buoyed by a somewhat improved tone around the US […]

By KBFX | November 18, 2019 | Daily Update | 0 comments Read more >

Canadian Dollar Update November 15, 2019 – Canadian Dollar trading sideways

USD/CAD Open: 1.3247-1.3248 Overnight Range: 1.3219-1.3252 Oil is at $57.18 and gold is at $1,467.20. US markets are higher today. The short-term USD/CAD technicals are neutral-bearish. For today, USD resistance is at 1.3257. Support is at 1.3211. The Canadian dollar is trading sideways. Traders are confused, markets are directionless, and they are looking for guidance. […]

By KBFX | November 15, 2019 | Daily Update | 0 comments Read more >

Canadian Dollar Update November 14, 2019 – Canadian Dollar beset by negative risk sentiment

USD/CAD Open: 1.3250-1.3251 Overnight Range: 1.3248-1.3270 Oil is at $57.51 and gold is at $1,468.90. US markets are mixed today. The short-term USD/CAD technicals are neutral-bearish. For today, USD resistance is at 1.3278. Support is at 1.3247. The Canadian dollar is being undermined by a fresh wave of negative risk sentiment. The Wall Street Journal […]

By KBFX | November 14, 2019 | Daily Update | 0 comments Read more >

Canadian Dollar Update November 13, 2019 – Canadian Dollar underperforms against Antipodeans

USD/CAD Open: 1.3232-1.3233 Overnight Range: 1.3227-1.3268 Oil is at $57.26 and gold is at $1,465.50. 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 1.3234. The Canadian dollar is underperforming compared to its Antipodean cousins, especially the New Zealand dollar. NZDUSD soared overnight, […]

By KBFX | November 13, 2019 | Daily Update | 0 comments Read more >

Canadian Dollar Update November 12, 2019 – Canadian Dollar swamped by Greenback demand

USD/CAD Open: 1.3232-1.3233 Overnight Range: 1.3216-1.3257 Oil is at $57.24 and gold is at $1,454.70. US markets are higher today. The short-term USD/CAD technicals are neutral-bearish. For today, USD resistance is at 1.3269. Support is at 1.3186. The Canadian dollar drifted lower yesterday and then consolidated the losses overnight. The Loonie tracked the underperformance of […]

By KBFX | November 12, 2019 | Daily Update | 0 comments Read more >

Canadian Dollar Update November 11, 2019 – Quiet day ahead

USD/CAD Open: 1.3218-1.3219 Overnight Range: 1.3216-1.3235 Oil is at $57.18 and gold is at $1,455.00. 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 1.3199. Toronto markets will be quiet today. Remembrance Day is a Canadian bank holiday. However, market closures are not […]

By KBFX | November 11, 2019 | Daily Update | 0 comments Read more >

Canadian Dollar Update November 8, 2019 – Canadian Dollar counting down to Canada jobs report

USD/CAD Open: 1.3174-1.3175 Overnight Range: 1.3172-1.3237 Oil is at $55.94 and gold is at $1,467.00. US markets are mixed today. The short-term USD/CAD technicals are neutral-bearish. For today, USD resistance is at 1.3260. Support is at 1.3201. Canadian dollar traders are awaiting the Statistics Canada release of the monthly employment report. This report tends to […]

By KBFX | November 8, 2019 | Daily Update | 0 comments Read more >

Canadian Dollar Update November 7, 2019 – Canadian Dollar shrugs off trade news

USD/CAD Open: 1.3180-1.3181 Overnight Range: 1.3160-1.3197 Oil is at $57.15 and gold is at $1,483.40. US markets are higher today. The short-term USD/CAD technicals are neutral-bearish. For today, USD resistance is at 1.3199. Support is at 1.3138. The Canadian dollar ignored US/China trade news headlines, overnight. The rest of the FX majors did not. China […]

By KBFX | November 7, 2019 | Daily Update | 0 comments Read more >