Daily Update

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

Canadian Dollar Update September 17, 2019 – Canadian Dollar trading in a narrow band

USD/CAD Open: 1.3240-1.3241 Overnight Range: 1.3234-1.3299 Oil is at $59.00 and gold is at $1,509.30. US markets are mixed today. The short-term USD/CAD technicals are neutral-bearish. For today, USD resistance is at 1.3342. Support is at 1.3218. The Canadian dollar is outperforming the other commodity bloc currencies, (AUD and NZD) but still a tad weaker […]

By KBFX | September 17, 2019 | Daily Update | 0 comments Read more >

Canadian Dollar Update September 16, 2019 – Canadian Dollar rallies on oil price rise

USD/CAD Open: 1.3220-1.3221 Overnight Range: 1.3209-1.3266 Oil is at $60.12 and gold is at $1,508.60. US markets are lower today. The short-term USD/CAD technicals are neutral-bearish. For today, USD resistance is at 1.3274. Support is at 1.3214. The Canadian dollar gapped higher in Asia when oil prices surged upwards. West Texas Intermediate jumped to $63.15/barrel […]

By KBFX | September 16, 2019 | Daily Update | 0 comments Read more >

Canadian Dollar Update September 13, 2019 – Canadian Dollar traders not feeling lucky

USD/CAD Open: 1.3209-1.3210 Overnight Range: 1.3202-1.3271 Oil is at $54.99 and gold is at $1,497.40. US markets are mixed today. The short-term USD/CAD technicals are neutral-bearish. For today, USD resistance is at 1.3312. Support is at 1.3217. The Canadian dollar may have walked under a ladder, or maybe a black cat crossed its path. Whatever […]

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

Canadian Dollar Update September 12, 2019 – Canadian Dollar on the fence

USD/CAD Open: 1.3192-1.3193 Overnight Range: 1.3176-1.3218 Oil is at $54.32 and gold is at $1,522.10 US markets are mixed today. The short-term USD/CAD technicals are neutral-bearish. For today, USD resistance is at 1.3249. Support is at 1.3168. The Canadian dollar is sitting on the fence. It was struggling to make gains below the USDCAD level […]

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

Canadian Dollar Update September 11, 2019 – Canadian Dollar consolidating gains

USD/CAD Open: 1.3152-1.3153 Overnight Range: 1.3139-1.3170 Oil is at $57.58 and gold is at $1,500.00. US markets are higher today. The short-term USD/CAD technicals are neutral-bearish. For today, USD resistance is at 1.3177. Support is at 1.3138. The Canadian dollar is consolidating its recent gains. Last week’s robust employment report may have reduced the incentive […]

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

Canadian Dollar Update September 10, 2019 – Canadian Dollar supported by oil

USD/CAD Open: 1.3168-1.3169 Overnight Range: 1.3143-1.3191 Oil is at $58.57 and gold is at $1,503.40. US markets are lower today. The short-term USD/CAD technicals are neutral-bearish. For today, USD resistance is at 1.3196. Support is at 1.3109. The Canadian dollar is in demand. A steep rally in West Texas Intermediate (WTI) oil prices since the […]

By KBFX | September 10, 2019 | Daily Update | 0 comments Read more >

Canadian Dollar Update September 9, 2019 – Canadian Dollar surges

USD/CAD Open: 1.3175-1.3176 Overnight Range: 1.3150-1.3177 Oil is at $57.44 and gold is at $1,517.60 US markets are mixed today. The short-term USD/CAD technicals are neutral-bearish. For today, USD resistance is at 1.3190. Support is at 1.3129. The Canadian dollar surged higher Friday and then consolidated those gains overnight. The Canadian dollar demand followed the […]

By KBFX | September 9, 2019 | Daily Update | 0 comments Read more >

Canadian Dollar Update September 6, 2019 – Canadian dollar awaiting employment reports

USD/CAD Open: 1.3227-1.3228 Overnight Range: 1.3160-1.3244 Oil is at $55.10 and gold is at $1,533.00 US markets are mixed today. The short-term USD/CAD technicals are neutral-bullish. For today, USD resistance is at 1.3202. Support is at 1.3150. The Canadian dollar rally stalled. Prices consolidated in a USDCAD range of 1.3198-1.3233 range overnight ahead of today’s […]

By KBFX | September 6, 2019 | Daily Update | 0 comments Read more >

Canadian Dollar Update September 5, 2019 – Canadian Dollar rally kicks off

USD/CAD Open: 1.3222-1.3223 Overnight Range: 1.3191-1.3234 Oil is at $56.77 and gold is at $1,545.00. US markets are higher today. The short-term USD/CAD technicals are neutral-bearish. For today, USD resistance is at 1.3228. Support is at 1.3189. The Canadian dollar rallied yesterday and continued the move overnight. On Wednesday, the Bank of Canada left the […]

By KBFX | September 5, 2019 | Daily Update | 0 comments Read more >

Canadian Dollar Update September 4, 2019 – Canadian Dollar back from the brink

USD/CAD Open: 1.3335-1.3336 Overnight Range: 1.3267-1.3344 Oil is at $55.59 and gold is at $1,555.10. US markets are higher today. The short-term USD/CAD technicals are neutral-bearish. For today, USD resistance is at 1.3369. Support is at 1.3288. The Canadian dollar was under pressure in early trading yesterday morning. However, weaker than expected US ISM Manufacturing […]

By KBFX | September 4, 2019 | Daily Update | 0 comments Read more >