|Day's Range||1.524 - 1.528|
|52 Week Range||1.4862 - 1.5284|
Considering USDCAD’s latest bounce from 1.2800–1.2790 support-zone, the pair seems again heading to confront the seven-week old descending TL resistance, at 1.2890; however, 1.2870 might offer an intermediate halt during its recovery. In case if the quote manages to conquer the 1.2890 mark, it can quickly rise to 1.2920 before targeting the 61.8% FE level of 1.2940. Should the pair fails to sustain latest pullback, the 1.2790 regains its importance, breaking which 1.2770 & 1.2745 could entertain short-term sellers. Moreover, pair’s extended declines below 1. ...
Investing.com - The U.S. dollar moved higher against its Canadian counterpart on Wednesday, after the release of positive U.S. economic reports and as declining oil prices weighed on demand for the commodity-related Canadian dollar.
The Euro continues to cause a fright for investors and maybe that is appropriate since it is Halloween tomorrow. The Euro continues to be tested near important support levels and has not produced an upward reversal in the short-term. Euro Trading Slightly Above Important Support The Euro continues to trade near important support against the … Continue reading Euro Acting Like Its Halloween
Following a rise in UK inflation, the GBP struggled against the dollar, How would you sum up Sterling’s week and where do you see it going next? It’s been a dire week for the Pound, with inflation’s rise to 3% doing little in terms of support with the new BoE Deputy Governor stating that he … Continue reading Pound Struggles, NAFTA weighed on the Loonie and Catalonia Still Hanging over the Euro
Investing.com - The U.S. dollar was hovering near a four-week high against its Canadian counterpart on Monday, as expectations for a U.S. rate hike and tax overhaul before the end of the year continued to support the greenback, while declining oil prices weighed on the Canadian currency.
Investing.com - The U.S. dollar dropped to a fresh 27-month low against its Canadian counterpart on Thursday, after the release of downbeat U.S. data fueled concerns over the outlook for the economy and even as data in Canada was equally weak.
USD/CAD Ever since the USDCAD dropped below 1.2440 mark, it never went up and has been trading in the small range between the 1.2360 and the 1.2425. However, today’s monetary policy announcement by the Bank of Canada might offer noticeable moves of the pair. Considering strong Canadian fundamentals, chances of either a rate-hike or a … Continue reading Technical Update For USD/CAD, EUR/CAD, AUD/CAD & CAD/CHF: 06.09.2017
The Euro has remained under pressure the past two day. After attaining new highs, the Euro has lost value against the U.S Dollar rapidly and may continue to face headwinds the next two days as technical traders take advantage of its short-term range. Range Proving Rough for Euro Traders The Euro has taken traders on … Continue reading Euro Roller Coaster Ride Scaring Traders
Investing.com - The U.S. dollar erased gains against its Canadian counterpart on Tuesday, to hit a three-week low after the release of mixed Canadian retail sales data, as investors continued to focus on the upcoming Jackson Hole Summit this week.
Investing.com - The U.S. dollar slipped lower against its Canadian counterpart on Monday, re-approaching a two-week trough after the release of disappointing Canadian data, as U.S. political tensions continued to weigh on the greenback.
Investing.com - The U.S. dollar dropped to two-week lows against its Canadian counterpart on Friday, after the release of tepid Canadian inflation data, as geopolitical risks and U.S. political tensions weighed broadly on the greenback.
USD/CAD Irrespective of the USDCAD’s latest bounce from 1.2575, a week-long descending trend-line presently confines the pair’s recovery around 1.2635. Considering the USD weakness, chances of the 1.2600 and the 1.2575 come-back are high, breaking which 61.8% FE level of 1.2555 and the 1.2500 mark might give rise to expectations of a short-covering. Should Bears … Continue reading Technical Overview For USDCAD, EURCAD, GBPCAD & CADJPY: 20.07.2017
The Canadian dollar ended the week as the strongest major currency because the events during the week’s trading fueled speculations that the Bank of Canada will hike interest rates as soon as the next week. Markets considered the comments of BoC Governor Stephen Poloz as a sign that the central bank is ready to raise interest rates. Solid employment data supported the case for monetary tightening. All those factors reinforced the view that the BoC will hike rates on July … Continue reading Canadian Dollar Ends Week Strongest amid BoC Hike Speculations
USD/CAD Having cleared a year-long upward slanting trend-line, the USDCAD is now struggling with 1.3000 – 1.2995 horizontal-support in order to stretch its south-run towards the 1.2960 and the 1.2900 rest-points. In case of the pair’s additional weakness below 1.2900, the 1.2830 and the 1.2760 might offer intermediate halts prior to flashing 1.2650-55 on the … Continue reading Technical Checks For USD/CAD, EUR/CAD, NZD/CAD & CAD/CHF: 29.06.2017
Investing.com - The U.S. dollar moved higher gains against its Canadian counterpart on Wednesday, as investors awaited the release of U.S. housing sector data later in the day, although a rebound in oil prices lent some support to the commodity-heavy Canadian currency.