Post Tagged with: "USD/CAD Technical Analysis"

USDCAD: Bullish, Tests Key Resistance

USDCAD: With the pair ending its one–day weakness and strengthening for two days in a role, further bullish offensive is envisaged.

However, it will have to break and hold above the 1.1172 level, its Jan 23’2014 high to trigger that trend. A turn above here will activate additional strength towards the 1.1200 level where a breach if seen will set off further gain towards the 1.1250 level.

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USD/CAD Outlook Jan. 27-31

USD/CAD Outlook Jan. 27-31

The Canadian dollar is having a miserable January, as the currency headed downwards for the third straight week. USD/CAD gained over one cent on the week, closing at 1.1086. This week’s only event is GDP. Here is an outlook on the major events and an updated technical analysis for USD/CAD. In the US, Unemployment Claims had another good week, beating the estimate. In Canada, CPI [&hellip

USD/CAD Outlook January 20-24

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 [&hellip

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