Post Tagged with: "USD/CAD Technical Analysis"

USD/CAD: Follows Through Lower On Weakness

USD/CAD: With price extension now seen following its past week decline, further downside pressure is likely in the days.

The only respite to this will be a return and hold above the 1.0418 level. Support lies at the 1.0350 level where a violation will aim at 1.0300 level. Bulls may come in here and push USD/CAD higher but if that fails to occur expect the pair to weaken further towards the 1.0250 level and then the 1.0181 level. Its daily RSI is bearish and pointing lower supporting this view.

Read the rest of the article USD/CAD: Follows Through Lower On Weakness
USD/CAD Outlook Nov. 4-8

USD/CAD Outlook Nov. 4-8

The Canadian dollar was  almost unchanged this week against its US counterpart. USD/CAD closed the week at 1.0423. This week’s key events include Building Permits, Ivey PMI and Employment Change. Here is an outlook on the major market-movers and an updated technical analysis for USD/CAD. Both the US and Canada had mixed results this week. Canadian inflation [&hellip

USD/CAD Outlook Oct. 28 – Nov. 1

USD/CAD Outlook Oct. 28 – Nov. 1

The Canadian dollar had a rough week, as USD/CAD surged 150 points. The pair closed at 1.0445. This week’s highlight is the GDP release. Here is an outlook on the major market-movers and an updated technical analysis for USD/CAD. The Canadian dollar lost ground as the BOC maintained interest rates at 1.00%, but removed its hawkish bias [&hellip

USD/CAD Rallies, Eyes Key Resistance

USD/CAD Rallies, Eyes Key Resistance

USD/CAD: Rallies, Eyes Key Resistance. USD/CAD: With USD/CAD rallying strongly on Wednesday, further price extension is likely in the days ahead. Resistance resides at the 1.0418 level. Further down, support is seen at the 1.0244 level followed by the 1.0200 level and then the 1.0150 level. Its daily RSI is bearish and pointing lower supporting [&hellip

USD/CAD Outlook Oct. 21-25

USD/CAD Outlook Oct. 21-25

USD/CAD reversed directions this week, as the Canadian dollar gained close to one cent. The pair closed at 1.0284. This week’s highlights are Core Retail Sales and the Overnight Rate release. Here is an outlook on the major market-movers and an updated technical analysis for USD/CAD. The Canadian dollar took advantage of a sluggish US dollar, as optimism faded over the [&hellip

USD/CAD Outlook Oct. 14-17

USD/CAD Outlook Oct. 14-17

The US dollar pushed higher during the week, but surrendered much of those gains on Friday , as USD/CAD was up slightly. The pair closed at 1.0347. This week’s highlights are Manufacturing Sales and Core CPI. Here is an outlook on the major market-movers and an updated technical analysis for USD/CAD. The Canadian dollar was on the ropes for most [&hellip

USD/CAD Outlook Oct. 7-11

USD/CAD Outlook Oct. 7-11

USD/CAD had another quiet week, the Canadian dollar was almost unchanged and closed the week slightly below the 1.03 level. This week’s highlights include Building Permits, Trade Balance and Employment Change. Here is an outlook on the major market-movers and an updated technical analysis for USD/CAD. Canadian GDP posted respectable growth, but the Canadian dollar failed to take advantage. In [&hellip

Canadian dollar set to rise (technical analysis)

Canadian dollar set to rise (technical analysis)

USDCAD: Price hesitation may have been triggered but USDCAD continues to hold on to its broader downside.Support lies at the 1.0252 level, its daily 200 ema. Ultimately, it will have to retake the 1.0181 level to trigger its medium term downside pressure. Below here will aim at the 1.0100 level. Its daily is bearish and [&hellip

USD/CAD Outlook Sep. 30-Oct. 4

USD/CAD Outlook Sep. 30-Oct. 4

For the second straight week, the Canadian dollar was almost unchanged and closed the week just above the 1.03 level. This week’s highlights include GDP and Ivey PMI. Here is an outlook on the major market-movers and an updated technical analysis for USD/CAD. Canadian Core Retail Sales was strong, but the Canadian dollar failed to take advantage. US Unemployment [&hellip

USD/CAD Outlook September 23-27

USD/CAD Outlook September 23-27

The Canadian dollar showed some strength during the week against the US dollar, but was unable to hold onto these gains, and ended the week almost unchanged. USD/CAD closed the week just above the 1.03 line. This week’s major release is Core Retail Sales. Here is an outlook on the major market-movers and an updated technical analysis for [&hellip