|Day's Range||1.287 - 1.299|
|52 Week Range||1.2062 - 1.3546|
Investing.com – The U.S. dollar rose to a sixth-month high as mostly positive U.S. durable goods data suggested the U.S. economy was strong enough to sustain further Fed rate hikes.
The US dollar rallied a bit against the Canadian dollar on Thursday, slamming into significant resistance in the form of the 1.29 level again. This is an area that has caused the lot of trouble for the US dollar, and I believe that it is the beginning of a large “resistance zone” extending to the 1.30 handle.
Investing.com – The dollar was hit by a fresh wave of selling Thursday, losing ground against its rivals following negative U.S. data showing a slowdown in the U.S. housing and labor market.
The USD/CAD has been consolidating within the rectangle range above M L3 pivot point. Consolidation is also between the W L3 and H3 above the ascending trend line, so I assume the price is still bullish. 1.2760-1.2787 is the POC zone and we might expect a bullish bounce once the price retests the zone. However, if the candle breaks and closes above W H3 -1.2932 we should see a continuation to the upside targeting 1.2980 and 1.3060.
The US dollar rose significantly against the Canadian dollar during the trading session on Wednesday, reaching towards the 1.29 level above. That’s an area that has been resistance more than once, and it appears that the range continues to hold.
Investing.com – The dollar remained at six month highs against its rivals on Wednesday following mostly bullish data pointing to underlying strength in the U.S. economy, while a sharp decline in both the pound and euro supported upside momentum.
The US dollar fell rather stringently against the Canadian dollar during the Tuesday session, as we saw the 1.2750 level tested for support. As we approach this level, it’s easy to see that it’s an important barrier for the sellers to get through if they wish to see Canadian dollar strength. The strengthening oil market certainly could help though.
Investing.com – The dollar moved off session lows as the euro reversed its earlier gains amid ongoing political uncertainty in Italy, while the pound resumed its downward trend adding to dollar strength.
Investing.com - The dollar pulled back from a five-month high against major rivals on Tuesday, as traders opted to take profits after the recent rally, while Forex traders focused on testimony to the UK Treasury Select Committee.
The US dollar has fallen slightly against the Canadian dollar during the session on Monday, reaching down towards the 50 simple moving average on the hourly chart. This is a market that has recently seen and impulsive move higher and pulling back against it is a bit of surprise, perhaps showing that the market is ready to enter consolidation more than anything else.
The commodity-linked Aussie, Kiwi and Loonie were underpinned on Monday after President Trump’s top Treasury official said the trade war with China is “on hold,” a truce that removed a big risk from the market for now.
Investing.com – The dollar eased from fresh five month highs as gains on the back of abating trade war fears were offset by a recovery in the euro from multi-month lows.
The dollar was stead as trade tensions between the U.S. and China were put on hold. The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, was up 0.12% to 93.69 as of 11:30 AM ET (15:30 GMT). The trade war between the U.S. and China is “on hold” as the two work on a trade agreement, U.S. Treasury Secretary Steven Mnuchin said on Sunday.
Global stocks are mostly higher on Monday morning as investors respond to US Treasury Secretary Steve Mnuchin positive interview. US dollar continues to strengthen.
The US dollar has rallied significantly during the week, using the 1.2750 level as support. The 1.30 level above is resistance, and the previous weekly shooting star shows signs of resistance.
The US dollar has rallied significantly against the Canadian dollar, reaching towards the 1.29 level. This is an area that has been a bit resistive in the past, so it’s no surprise that we struggled to break above it. However, there is also a massive amount of support underneath.
Investing.com – The dollar retreated from a fresh five-month high against a basket of major currencies as a rout of the euro eased, prompting traders to take profits on the greenback despite concerns about proposals laid out by a future Italian coalition government.
Investing.com - The dollar gained steam on Friday, reaching a new five-month high.The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, rallied 0.17% to 93.55 as of 10:50 AM ET (14:50 GMT).The dollar has surged over 1% this week, as bond yields jumped to a seven-year high. The yield on the benchmark United States 10-Year Treasury note dipped to 3.078 after hitting an overnight high of 3.126. ...