Daily Update

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

Canadian Dollar Update July 17, 2019 – Canadian Dollar slides with oil

USD/CAD Open: 1.3069-1.3070 Overnight Range: 1.3043-1.3094 Oil is at $58.07 and gold is at $1,413. US markets are mixed today. The short-term USD/CAD technicals are neutral-bearish. For today, USD resistance is at 1.3094. Support is at 1.3041. The Canadian dollar got knocked for a loop yesterday and plunging oil prices was mostly to blame. West […]

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

Canadian Dollar Update July 16, 2019 – Canadian Dollar changes direction

USD/CAD Open: 1.3035-1.3036 Overnight Range: 1.3033-1.3065 Oil is at $59.72 and gold is at $1,414. US markets are mixed today. The short-term USD/CAD technicals are neutral-bearish. For today, USD resistance is at 1.3072. Support is at 1.3000. The Canadian dollar broke below minor support overnight, and the move shifted the focus to further losses in […]

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

Canadian Dollar Update July 15, 2019 – Canadian Dollar consolidating, quietly

USD/CAD Open: 1.3025-1.3026 Overnight Range: 1.3020-1.3051 Oil is at $60.65 and gold is at $1,413. US markets are higher today. The short-term USD/CAD technicals are neutral-bearish. For today, USD resistance is at 1.3050. Support is at 1.3002. The Canadian dollar is consolidating last week’s gains in a quiet start to the week. The currency benefitted […]

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

Canadian Dollar Update July 11, 2019 – Dovish Fed lifts Canadian Dollar

USD/CAD Open: 1.3079-1.3080 Overnight Range: 1.3042-1.3087 Oil is at $60.62 and gold is at $1,415. US markets are higher today. The short-term USD/CAD technicals are neutral-bearish. For today, USD resistance is at 1.3128. Support is at 1.3015. The Canadian dollar is in demand. Fed Chair Jerome Powell’s testimony to Congress and the Bank of Canada […]

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

Canadian Dollar Update July 10, 2019 – D-Day for Canadian Dollar

USD/CAD Open: 1.3081-1.3082 Overnight Range: 1.3069-1.3144 Oil is at $59.45 and gold is at $1,412. US markets are higher today. The short-term USD/CAD technicals are neutral-bearish. For today, USD resistance is at 1.3158. Support is at 1.3012. It is D-Day for the Canadian dollar. More accurately, it is Bank of Canada decision day. The BoC […]

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

Canadian Dollar Update July 9, 2019 – Canadian Dollar retreating

USD/CAD Open: 1.3125-1.3126 Overnight Range: 1.3086-1.3134 Oil is at $57.73 and gold is at $1,396. US markets are lower today. The short-term USD/CAD technicals are neutral-bearish. For today, USD resistance is at 1.3148. Support is at 1.3096. The Canadian dollar is retreating, and so far, it has been orderly. That could change if USDCAD prices […]

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

Canadian Dollar Update July 8, 2019 – Canadian Dollar firm ahead of BoC

USD/CAD Open: 1.3066-1.3067 Overnight Range: 1.3049-1.3089 Oil is at $57.76 and gold is at $1,403. US markets are lower today. The short-term USD/CAD technicals are neutral-bearish. For today, USD resistance is at 1.3074. Support is at 1.3031. The Canadian dollar is trading with a positive tone in early Toronto markets. Currency traders chalked up Friday’s […]

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

Canadian Dollar Update July 5, 2019 – Canadian Dollar sidelined ahead of employment data

USD/CAD Open: 1.3118-1.3119 Overnight Range: 1.3043-1.3129 Oil is at $57.27 and gold is at $1,393. US markets are lower today. The short-term USD/CAD technicals are neutral-bearish. For today, USD resistance is at 1.3212. Support is at 1.2981. The Canadian dollar traded a tad softer in an uneventful overnight session. The lack of FX follow-through in […]

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

Canadian Dollar Update July 4, 2019 – Canadian Dollar grinding out gains

USD/CAD Open: 1.3060-1.3061 Overnight Range: 1.3053-1.3086 Oil is at $56.86 and gold is at $1,417. US markets are higher today. The short-term USD/CAD technicals are neutral-bullish. For today, USD resistance is at 1.3085. Support is at 1.3043. The Canadian dollar is still grinding out gains. The rally that began on July 17 is intact, but […]

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

Canadian Dollar Update July 3, 2019 – Canadian Dollar shrugs off oil price weakness

USD/CAD Open: 1.3075-1.3076 Overnight Range: 1.3064-1.3120 Oil is at $56.90 and gold is at $1,416. US markets are higher today. The short-term USD/CAD technicals are neutral-bullish. For today, USD resistance is at 1.3130. Support is at 1.3037. The Canadian dollar ignored yesterday’s sharp drop in West Texas Intermediate oil prices and traded narrowly in a […]

By KBFX | July 3, 2019 | Daily Update | 0 comments Read more >