Post Tagged with: "USD/CAD Technical Analysis"

USD/CAD Forecast Oct. 27-31

The Canadian dollar had showed some strength last week, with USD/CAD closing with modest losses. The pair closed the week at 1.1228. This week’s highlights include GDP and an appearance by BoC head Stephen Poloz before a parliamentary committee. Here is an outlook on the major market-movers and an updated technical analysis for USD/CAD.

The Canadian dollar shrugged off a weak consumer spending data, as Core Retail Sales posted a second straight decline. In the US, data was generally positive, with jobless claims and inflation holding on. However, New Homes Sales slumped in September.

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Dollar/CAD: Biased To The Downside On Pullback

Dollar/CAD: Biased To The Downside On Pullback

USDCAD: Our bias on the pair continues to point lower on correction of its recent strength. On the downside, support lies at the 1.1150 level followed by the 1.1100 level where a reversal of roles as support is envisaged. Further out, resistance resides at the 1.1050 level and then the 1.1000 level. On the upside, [&hellip

USD/CAD: Range Intact S/T, Fresh Highs Into Year End – BMO

USD/CAD: Range Intact S/T, Fresh Highs Into Year End – BMO

The Canadian dollar didn’t have the best year, to say the least. Where is it headed next? The team at BMO sees the range as staying intact until year end, and explains: Here is their view, courtesy of eFXnews: The recent ranges continue to hold and Friday’s CPI numbers offered no surprises to lead to [&hellip

USD/CAD Forecast October 20-24

USD/CAD Forecast October 20-24

The Canadian dollar returned to its losing ways last week, as USD/CAD gained about 100 points, closing at 1.1275. This week’s highlights are Core Retail Sales and the Overnight Rate. Here is an outlook on the major market-movers and an updated technical analysis for USD/CAD. The US dollar shrugged off weakness in US retail sales and a poor PPI [&hellip

USD/CAD Forecast Oct. 13-17

USD/CAD Forecast Oct. 13-17

The Canadian dollar posted weekly gains for the first time in three weeks, as USD/CAD closed slightly below the 1.12 line. 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. Canadian job data was outstanding, as Employment Claims jumped to their highest level in over a [&hellip

Canadian Employment Data: What To Expect & How To Position? -Credit Agricole

Canadian Employment Data: What To Expect & How To Position? -Credit Agricole

Canadian job figures get the full attention this time: they are published separately form the US Non-Farm Payrolls. What is the best positioning on CAD? Credit Agricole provides its view, pointing out an interesting Canadian cross as well as the classic USD/CAD. Here is their view, courtesy of eFXnews: The highlight for CAD this week is the [&hellip

USD/CAD: Corrective Pullback Not Yet Over

USD/CAD: Corrective Pullback Not Yet Over

USDCAD: With the pair weakening strongly on correction on Monday, it face further downside pressure. Despite price hesitation corrective bias remains. On the downside, support lies at the 1.1100 level followed by the 1.1050 level where a reversal of roles as support is envisaged. Further out, resistance resides at the 1.1000 level and then the [&hellip

USD/CAD Forecast Oct. 6-10

USD/CAD Forecast Oct. 6-10

The Canadian dollar lost close to a cent last week, as USD/CAD closed above the 1.12 line for the first time since March. 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. Canada’s trade balance posted a deficit for the first time in three months. [&hellip

USD/CAD Outlook ahead of the Canadian GDP data – September 2014

USD/CAD Outlook ahead of the Canadian GDP data – September 2014

The Canadian dollar was mostly flat against most of its peers while it weakened a bit against the Greenback. Today’s key risk for the Canadian dollar is the release of the monthly GDP data, which is expected to be soft posting a 0.2% growth down from 0.3% last month. Most notably, the USDCAD and EURCAD [&hellip

USD/CAD: Trading the Canadian GDP

USD/CAD: Trading the Canadian GDP

Canadian GDP is a measurement of the production and growth of the economy and is considered one of the most important indicators of economic activity. A reading which is better than the market forecast is bullish for the Canadian dollar. Update: Canadian GDP flat in July – USD/CAD rises Here are all the details, and 5 [&hellip