Daily Update

Updates on the latest happenings surrounding the Canadian dollar, other USD/CAD-related news, and useful currency exchange tools including our currency converter.

Canadian Dollar Update, March 30, 2020 – Canadian Dollar getting pummeled

USD/CAD Open: 1.4084-88, Overnight Range: 1.4011-1.4183 Oil is at $20.06 and gold is at $1,648.30. US markets are higher today. For today, USD resistance is at 1.4227. Support is at 1.4104. • Canadian dollar extends overnight losses in early Toronto trading on oil price woes • Trump suggests COVID-19 measures will be in place to […]

By KBFX | March 30, 2020 | Daily Update | 0 comments Read more >

Canadian Dollar Update March 27, 2020 – Canadian Dollar ending week on strong note

USD/CAD Open: 1.4098-1.4102, Overnight Range: 1.3988-1.4154 Oil is at $21.70 and gold is at $1,620.40. US markets are lower today. For today, USD resistance is at 1.4216. Support is at 1.4013. • Canadian dollar boosted by widespread US dollar selling • Fed Chair Powell warns US economy may already be in recession It has been […]

By KBFX | March 27, 2020 | Daily Update | 0 comments Read more >

Canadian Dollar Update, March 26, 2020 – Canadian Dollar rebounds

USD/CAD Open: 1.4162-66, Overnight Range: 1.4066-1.4275 Oil is at $23.46 and gold is at $1,658.30. US markets are higher today. For today, USD resistance is at 1.4237. Support is at 1.3985. • Canadian dollar rises with improved risk sentiment • Canadian unemployment claims could reach 4 million • G-20 conference call today The Canadian dollar […]

By KBFX | March 26, 2020 | Daily Update | 0 comments Read more >

Canadian Dollar Update, March 24, 2020 – Canadian Dollar rally fades

USDCAD open 1.4493, Overnight Range 1.4374-1.4531 Oil is at $24.44 and gold is at $1,673.90. US markets are higher today. The short-term USD/CAD technicals are neutral-bearish. For today, USD resistance is at 1.4574. Support is at 1.4459. • USDCAD sinks then soars with WTI price action • US government expected to announce a stimulus plan […]

By KBFX | March 24, 2020 | Daily Update | 0 comments Read more >

Canadian Dollar Update, March 23, 2020 – Canadian Dollar infected by COVID-19

USDCAD open: 1.4438-43, Overnight range: 1.4357-1.4487 Oil is at $22.35 and gold is at $1,528.80. US markets are mixed today. For today, USD resistance is at 1.4577. Support is at 1.4184. • Short term USDCAD technicals are bullish looking for break above 1.4460 to extend gains • Canadian dollar tracking oil price movements • Coronavirus […]

By KBFX | March 23, 2020 | Daily Update | 0 comments Read more >

Canadian Dollar Update, March 20, 2020 – Canadian Dollar rides oil rally

USD/CAD Open: 1.4512, Overnight Range: 1.4148-1.4536 Oil is at $23.73 and gold is at $1,497.00. US markets are higher today. The short-term USD/CAD technicals are neutral-bearish. For today, USD resistance is at 1.4373. Support is at 1.4202. The Canadian rallied alongside a 35% jump in oil prices. West Texas Intermediate, the North American crude oil […]

By KBFX | March 20, 2020 | Daily Update | 0 comments Read more >

Canadian Dollar Update, March 19, 2020 – Canadian Dollar in distress

USD/CAD Open: 1.4518, Overnight Range: 1.4424-1.4667 Oil is at $22.38 and gold is at $1,486.90. US markets are higher today. The short-term USD/CAD technicals are neutral-bearish. For today, USD resistance is at 1.4597. Support is at 1.4293. The Canadian dollar is in distress. So are the rest of the G-10 major currencies. Financial markets are […]

By KBFX | March 19, 2020 | Daily Update | 0 comments Read more >

Canadian Dollar Update, March 17, 2020 – Canadian Dollar plummets

USD/CAD Open: 1.4015, Overnight Range: 1.3960-1.4164 Oil is at $28.60 and gold is at $1,502.50. US markets are mixed today. The short-term USD/CAD technicals are neutral-bearish. For today, USD resistance is at 1.4170. Support is at 1.4092. The Canadian dollar plummeted in early Toronto trading. It was not alone. A wave of US dollar panic […]

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

Canadian Dollar Update, March 16, 2020 – Canadian Dollar bounced by central bank coordination

USD/CAD Open: 1.3888-1.3889, Overnight Range: 1.3728-1.3987 Oil is at $30.31 and gold is at $1,484.40. US markets are lower today. The short-term USD/CAD technicals are neutral-bearish. For today, USD resistance is at 1.4023. Support is at 1.3877. Coordinated G-7 central bank actions roil the Canadian dollar. The US Federal Reserve stunned global markets on Sunday […]

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

Canadian Dollar Update, March 13, 2020 – Canadian Dollar’s wild ride

USD/CAD Open: 1.3924-1.3925, Overnight Range: 1.3781-1.3947 Oil is at $32.62 and gold is at $1,570.00. US markets are higher today. The short-term USD/CAD technicals are neutral-bearish. For today, USD resistance is at 1.3949. Support is at 1.3799. The Canadian dollar is trading like a roller coaster without brakes. The Canadian dollar is suffering from a […]

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