USD/CAD Breaks Support Line on Jobs – Road to Parity Open

Canadian employment data was slightly better than expected. This was the hay that broke the camel’s back – after a week of struggle, USD/CAD finally broke 1.02 and heads down to parity.
Canada’s employment figures surprised analysts for a second month in a row. Contrary to last month’s huge surprise, the numbers were only slightly better [...]

CAD Overcomes Dollar Storm On Strong Economy

USD/CAD is now falling and approaching an important resistance line. This happens as the US dollar is strong, with traders focusing on the collapse of the Pound. The loonie has reasons to rise – a strong economy that is accelerating. The pair is now facing a test:
The dollar is storming through the markets. This is [...]

USD/CAD Outlook – March 1-5 2010

The Canadian dollar retreated this week but didn’t lose too much. The week ahead contains the GDP release, a rate decision and a few more important events. Here’s the outlook for the Canadian events and an updated technical analysis for USD/CAD.
USD/CAD chart with support and resistance lines marked. Click to enlarge:

One figure is missing from [...]

Canadian Dollar Outlook – November 23-27

Looking for the latest outlook for this week? Check the full section: USD/CAD Forecast.
The Canadian dollar reversed last week’s gains, with USD/CAD rising high. Here’s an outlook for this week’s events in Canada, and an updated technical analysis for USD/CAD.
USD/CAD graph with support and resistance lines marked on it. Click to enlarge:

After more than a few [...]

USD/CAD breaking minor support – the move is fragile

The Canadian dollar built up strength from a few factors and managed to break a minor support line. It’s now back to the levels that it was before the greenback comeback, but has bumps on the way.
USD/CAD now trades at 1.0520, after touching the round number of 1.0500. Since the beginning of the week, it [...]

The Race to Parity

A new wave of dollar weakness brings the Canadian dollar and the Swiss Franc closer to parity. Both just made strong moves, but have different characteristics.
USD/CAD
The Canadian dollar made a move during Canadian Thanksgiving. After closing at 1.0421, USD/CAD went to the low 1.03s, where it was stuck above the support line of 1.03. [...]

Canadian Dollar Outlook – October 12-16 2009

The Canadian dollar enjoyed very good news throughout the week, and broke support lines downwards. Will this trend continue? Here’s an outlook for the main Canadian events, and an updated technical analysis for USD/CAD.
For the latest outlook, check out the section: USD/CAD Forecast.
USD/CAD forex chart, with support and resistance lines marked on it. Click to enlarge:

The [...]

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