Post Tagged with: "USD/CAD Technical Analysis"

USD/CAD: Still En-Route To 1.30; AUD/USD: H&S Confirmed – SocGen

Both AUD and CAD managed to overcome recent blows and stage recoveries. Is this sustainable? Not so fast.

The team at SocGen sees both commodity currencies weakening, and sets targets:

Read the rest of the article USD/CAD: Still En-Route To 1.30; AUD/USD: H&S Confirmed – SocGen
USD/CAD Forecast Feb. 9-13

USD/CAD Forecast Feb. 9-13

The Canadian dollar posted its first winning week since early December, as USD/CAD lost about 160 points last week. This week’s highlight is Manufacturing Sales. Here is an outlook on the major market-movers and an updated technical analysis for USD/CAD. USD/CAD showed strong movement last week, and the Canadian dollar finally managed to post a winning week. [&hellip

EUR/USD Topping out; USD/CAD ready for more corrections – BofA Merrill

EUR/USD Topping out; USD/CAD ready for more corrections – BofA Merrill

Since the Greek elections, EUR/USD is in recovery mode, moving up and holding on to gain. The big question if this is just a correction or a change of course is answered by Bank of America Merrill Lynch: it’s in a topping zone that could lead to a resumption of the big downfall. Also the Canadian dollar has [&hellip

USD/CAD Forecast Feb. 2-6

USD/CAD Forecast Feb. 2-6

The Canadian dollar continued its sharp descent, losing close to 300 points last week. USD/CAD has now gained a remarkable 11 cents in the month of January. This week’s highlights are Building Permits and Employment Change. Here is an outlook on the major market-movers and an updated technical analysis for USD/CAD. It was another week [&hellip

USD/CAD: Extends Bullish Offensive

USD/CAD: Extends Bullish Offensive

USDCAD: With price extension seen the past week, USDCAD faces further bullishness in the new week. However, a corrective pullback may develop following its recent upside run. On the upside, resistance is seen at the 1.2500 level followed by the 1.2550 level. Further out, resistance comes in at the 1.2600 level where a turn lower [&hellip

USD/CAD Faces Corrective Pullback Threats

USD/CAD Faces Corrective Pullback Threats

USDCAD: With the pair triggering a corrective pullback, further decline is envisaged. On the upside, resistance is seen at the 1.2050 level followed by the 1.2100 level. Further out, resistance comes in at the 1.2150 level where a turn lower may occur. But if further recovery is triggered resistance comes in at the 1.2200 level. [&hellip

USD/CAD Forecast Jan. 19-23 2015

USD/CAD Forecast Jan. 19-23 2015

The Canadian dollar lost over 100 points last week, as USD/CAD tested the 1.20 line. This was its highest level since May 2009. The pair closed the week at 1.1975. There are 8 events this week, highlighted by Core Retail Sales and Core CPI. Here is an outlook on the major market-movers and an updated [&hellip

USDCAD: Looks To Resume Broader Uptrend.

USDCAD: Looks To Resume Broader Uptrend.

USDCAD: USDCAD continues to build up on more upside pressure medium term though it was seen backing off higher prices on Tuesday. On the upside, resistance is seen at the 1.2000 level followed by the 1.2050 level. Further out, resistance comes in at the 1.2100 level where a turn lower may occur. But if further [&hellip

USDCAD: Targeting Further Upside With Warning

USDCAD: Targeting Further Upside With Warning

USDCAD: USDCAD continues to build up more upside pressure extending its strength on Monday and threatening further upside. However, a pullback may be seen. On the upside, resistance is seen at the 1.2000 level followed by the 1.2050 level. Further out, resistance comes in at the 1.2100 level where a turn lower may occur. But [&hellip

USD/CAD Forecast Jan. 12-16 2015

USD/CAD Forecast Jan. 12-16 2015

The Canadian dollar continued to lose ground last week. USD/CAD approached the 1.19 line, its highest level since May 2009. This week’s sole release is the Bank of Canada Business Outlook Survey. Here is an outlook on the major market-movers and an updated technical analysis for USD/CAD. The tale of two economies continues, as the US economy outperforms its northern [&hellip

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