Daily Update

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

Canadian Dollar Update January 17, 2020 – Canadian Dollar drifting lower

USD/CAD Open: 1.3041-1.3042, Overnight Range: 1.3033-1.3067 Oil is at $58.50 and gold is at $1,554.80. US markets are higher today. The short-term USD/CAD technicals are neutral-bearish. For today, USD resistance is at 1.3091. Support is at 1.3019. The Canadian dollar is drifting lower in early Toronto trading, after stagnating overnight. The catalyst for this morning’s […]

By KBFX | January 17, 2020 | Daily Update | 0 comments Read more >

Canadian Dollar Update January 16, 2020 – Canadian Dollar supported by positive risk sentiment

USD/CAD Open: 1.3041-1.3042, Overnight Range: 1.3032-1.3056 Oil is at $58.62 and gold is at $1,549.90. US markets are higher today. The short-term USD/CAD technicals are neutral-bearish. For today, USD resistance is at 1.3071. Support is at 1.3015. The Canadian dollar is trading sideways. It bounced around in a narrow USDCAD range of 1.3035-1.3046 overnight, unable […]

By KBFX | January 16, 2020 | Daily Update | 0 comments Read more >

Canadian Dollar Update January 15, 2020 – Canadian Dollar awaiting Phase 1 Trade Deal

USD/CAD Open: 1.3061-1.3062, Overnight Range: 1.3046-1.3078 Oil is at $57.40 and gold is at $1,550.10. US markets are higher today. The short-term USD/CAD technicals are neutral-bearish. For today, USD resistance is at 1.3090. Support is at 1.3028. The US and China are finally putting the ink to the long and tedious trade discussions that started […]

By KBFX | January 15, 2020 | Daily Update | 0 comments Read more >

Canadian Dollar Update January 14, 2020 – Canadian Dollar bulls are suffering

USD/CAD Open: 1.3056-1.3057, Overnight Range: 1.3049-1.3079 Oil is at $58.20 and gold is at $1,544.50. US markets are mixed today. The short-term USD/CAD technicals are neutral-bearish. For today, USD resistance is at 1.3087. Support is at 1.3048. Canadian dollar bulls are suffering. The sharp reversal in oil prices from their recent peak and positive US […]

By KBFX | January 14, 2020 | Daily Update | 0 comments Read more >

Canadian Dollar Update January 13, 2020 – Canadian Dollar looking for direction

USD/CAD Open: 1.3050-1.3051, Overnight Range: 1.3034-1.3067 Oil is at $58.23 and gold is at $1,552.80. US markets are higher today. The short-term USD/CAD technicals are neutral-bearish. For today, USD resistance is at 1.3083. Support is at 1.3017. The Canadian dollar is looking for direction. It tried to rally last week but failed. Slightly dovish comments […]

By KBFX | January 13, 2020 | Daily Update | 0 comments Read more >

Canadian Dollar Update January 10, 2020 – Canadian Dollar soft on Poloz comments

USD/CAD Open: 1.3055-1.3056, Overnight Range: 1.3029-1.3075 Oil is at $59.07 and gold is at $1,559.20. US markets are higher today. The short-term USD/CAD technicals are neutral-bearish. For today, USD resistance is at 1.3078. Support is at 1.3018. The Canadian traded with a negative bias yesterday and consolidated those losses overnight. The Bank of Canada Governor […]

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

Canadian Dollar Update January 9, 2020 – Canadian Dollar sinks with oil

USD/CAD Open: 1.3039-1.3040, Overnight Range: 1.3026-1.3090 Oil is at $58.83 and gold is at $1,551.30. US markets are higher today. The short-term USD/CAD technicals are neutral-bullish. For today, USD resistance is at 1.3096. Support is at 1.3040. The Canadian drifted lower overnight, sinking alongside West Texas Intermediate oil prices. WTI has plunged 9.5% since Tuesday […]

By KBFX | January 9, 2020 | Daily Update | 0 comments Read more >

Canadian Dollar Update January 8, 2020 – Canadian Dollar stays on even keel

USD/CAD Open: 1.3002-1.3003, Overnight Range: 1.2976-1.3043 Oil is at $61.10 and gold is at $1,569.50. US markets are higher today. The short-term USD/CAD technicals are neutral-bullish. For today, USD resistance is at 1.3076. Support is at 1.2989. The Canadian stayed on an even keel despite volatile FX price action overnight. US-Iran tensions sent Asia traders […]

By KBFX | January 8, 2020 | Daily Update | 0 comments Read more >

Canadian Dollar Update January 7, 2020 – Canadian Dollar shows resilience

USD/CAD Open: 1.2964-1.2965, Overnight Range: 1.2957-1.3024 Oil is at $62.70 and gold is at $1,572.20. US markets are lower today. The short-term USD/CAD technicals are neutral-bearish. For today, USD resistance is at 1.3051. Support is at 1.2978. The Canadian dollar demonstrated its resilience overnight. The US dollar squeezed out gains against the major G-10 currencies, […]

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

Canadian Dollar Update January 6, 2020 – Canadian Dollar lifted by crude

USD/CAD Open: 1.2986-1.2987, Overnight Range: 1.2964-1.2990 Oil is at $63.31 and gold is at $1,564.80. US markets are mixed today. The short-term USD/CAD technicals are neutral-bullish. For today, USD resistance is at 1.3014. Support is at 1.2954. The Canadian dollar rally was fueled by the steep rise in crude oil prices. FX ranges were relatively […]

By KBFX | January 6, 2020 | Daily Update | 0 comments Read more >