Post Tagged with: "USD/CAD Technical Analysis"

USD/CAD Outlook January 20-24

The Canadian dollar continued to lose ground last week, as it came close to the 1.10 level and posted modest losses. The pair closed the week at 1.0960. The upcoming week has a very light schedule, with just two releases.

 In the US, the recovery continues to gain strength. Unemployment Claims remained at low levels, and Core Retail Sales and the Philly Fed Manufacturing easily beat their estimates. It was a quiet week for Canadian releases, but USD/CAD continues to climb and is flirting with the 1.10 level.

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Canadian Dollar Losing its Lustre as the Commodity Super Cycle Wanes

Canadian Dollar Losing its Lustre as the Commodity Super Cycle Wanes

Canada is a major producer and exporter of natural resources, which means its currency is closely tied to the fortunes of commodity prices. With signs that the commodity super-cycle is fading it is likely that CAD will notch up further losses over the course of 2014. A series of economic reforms dating back to the [&hellip

USD/CAD: Bullish, Eyes Further Strength

USD/CAD: Bullish, Eyes Further Strength

USDC/AD: With USD/CAD resuming its broader upside, it looks to strengthen further towards the 1.1000 level, its big psycho level. Above here will pave the way for a run at the 1.1050 level and possibly higher towards the 1.1100 level. Its daily RSI is bullish and pointing higher suggesting further upside. On the other hand, [&hellip

USD/CAD continues grinding up towards 1.10

USD/CAD continues grinding up towards 1.10

There is no rest for the Canadian dollar: after breaking to 4 year lows against the greenback, the lonely loonie took only a short break before another move higher. The new peak for USD/CAD is 1.0978, just 22 pips from the round number of 1.10, but even closer to the next resistance level. Is the [&hellip

USD/CAD: Biased To The Upside On Further Price Extension

USD/CAD: Biased To The Upside On Further Price Extension

USD/CAD: With the pair maintaining its bullish bias, we look for more upside to occur. This development has exposed the 1.0874 level with a cut through here aiming at the 1.0900 level with a turn above here paving the way for a run at the 1.0950 level and possibly higher towards the 1.1000 level. Its [&hellip

USD/CAD: Resumes Medium Term Uptrend, Strengthens

USD/CAD: Resumes Medium Term Uptrend, Strengthens

USD/CAD: With USD/CAD rallying on Tuesday to break the 1.0736 level and resuming its broader upside on Monday, further bullishness is likely. Price extension is now underway with USD/CAD targeting the 1.0850 level. A cut through here will aim at the 1.0900 level with a turn above here paving the way for a run at [&hellip

USD/CAD Outlook Jan. 6-10

USD/CAD Outlook Jan. 6-10

USD/CAD reversed directions last week, posting modest losses in subdued holiday trading. The pair closed the week at 1.0631. There are a host of key events this week, including Building Permits and Employment Change. US Unemployment Claims looked strong and Fed Reserve chair Bernard Bernanke stated that the US economy continues to grow. There were no [&hellip

USD/CAD: Outlook Remains Higher, Eyes The 1.0736/50 Levels

USD/CAD: Outlook Remains Higher, Eyes The 1.0736/50 Levels

USD/CAD: With USD/CAD holding on its broader uptrend, it now requires a break and hold above the 1.0736 level. A cut through here will pave the way for a run at the 1.0800 level where a violation will turn attention to the 1.0850 level and then the 1.0900 level. Its daily RSI is bullish and [&hellip

USD/CAD Outlook Dec. 23-27

USD/CAD Outlook Dec. 23-27

USD/CAD jumped last week, following the Fed announcement, but the pair then retracted, and closed the week almost unchanged, at 1.0633. This week’s only release is GDP. Here is an outlook on the major market-movers and an updated technical analysis for USD/CAD. The US dollar gained ground following the dramatic Fed statement that it would taper QE by $10 [&hellip

USD/CAD: Rallies, Resumes Broader Upside

USD/CAD: Rallies, Resumes Broader Upside

USD/CAD: With USD/CAD rallying to resume its broader upside, further strength is likely in the days ahead. Further out, resistance resides at the 1.0750 level. Above here if seen will aim at the 1.0800 level. Its daily RSI is bullish and pointing higher suggesting further upside. On the other hand, support lies at the 1.0700 [&hellip