Post Tagged with: "USD/CAD Technical Analysis"

USD/CAD rising towards top of the range following the excellent US data

The Canadian dollar has been resilient of late, but it cannot ignore the strong US data. A second day of excellent figures may have marked a bottom for USD/CAD.

And while the rally of the C$ may have stopped, we can clearly see well separated trading ranges for USD/CAD.

Read the rest of the article USD/CAD rising towards top of the range following the excellent US data
USD/CAD Forecast June 16-20

USD/CAD Forecast June 16-20

The Canadian dollar reversed directions last week, as USD/CAD dropped about 80 points, closing at 1.0853. This week’s highlights are Core CPI and Core Retail Sales.  Here is an outlook on the major events and an updated technical analysis for USD/CAD. The Canadian dollar managed to move higher last week, and shrugged off a dismal Manufacturing Sales release late in the [&hellip

USDCAD: Bullish, Targets Further Upside

USDCAD: Bullish, Targets Further Upside

USDCAD: With USDCAD rallying sharply higher the past week, it now looks to extend that gain in the new week. On the upside, if further recovery is triggered resistance comes in at the 1.0988 level where a breach will aim at the 1.0000 level followed by the 1.1069 level and then the 1.1100 level. A [&hellip

USD/CAD Forecast June 9-13

USD/CAD Forecast June 9-13

The Canadian dollar lost about 80 points last week, as USD/CAD pushed above the 1.09 line and closed at 1.0921. This week has just four releases, highlighted by Manufacturing Sales. Here is an outlook on the major events and an updated technical analysis for USD/CAD. Non Farm Payrolls met expectations in May, and the ISM Manufacturing and Services PMIs both [&hellip

USD/CAD Outlook June 2-6

USD/CAD Outlook June 2-6

The Canadian dollar continues to show little movement, as USD/CAD edged lower this week, closing at 1.0843. This week has a host of key releases, highlighted by Building Permits and Employment Change. Here is an outlook on the major events and an updated technical analysis for USD/CAD. US Unemployment Claims bounced back with a strong release, and consumer [&hellip

Increased bearish bias below 1.0850 in USDCAD

Increased bearish bias below 1.0850 in USDCAD

USD/CAD Technical Bias: Bearish Key Takeaways • USDCAD managed to hold an important bullish trend line post disappointing Canadian retail sales data. • Market sentiment favors more losses in USDCAD moving ahead. • USDCAD trend line support seen at 1.0850 and resistance ahead at 1.0960. The Canadian dollar managed to gain some ground intraday against [&hellip

USD/CAD Outlook May 19-23

USD/CAD Outlook May 19-23

The Canadian dollar showed little change last week, as USD/CAD  closed at 1.0858. This week’s highlights are Core Retail Sales and Core CPI. Here is an outlook on the major events and an updated technical analysis for USD/CAD. The Canadian dollar managed to hold its own against its US counterpart last week. Unemployment Claims plunged to [&hellip

USDCAD: Triggers Corrective Recovery

USDCAD: Triggers Corrective Recovery

With USDCAD still maintaining its downside bias (weekly chart), its broader bias remains lower. However, recovery cannot be ruled out following its Friday rally. On the upside, on a follow through higher resistance stands at the 1.0950 level followed by the 1.1000 level and then the 1.1069 level. A cut through here will turn focus [&hellip

USD/CAD Outlook May 12-16

USD/CAD Outlook May 12-16

The Canadian dollar posted gains for a second straight week, as USD/CAD ended the week below the 1.09 level, closing at 1.0887. This week has just four events, highlighted by Manufacturing Sales. Here is an outlook on the major events and an updated technical analysis for USD/CAD. The Canadian dollar improved despite some disappointing numbers last week. Ivey PMI [&hellip

USD/CAD: Rolls Over, Eyes The 1.0857 Level

USD/CAD: Rolls Over, Eyes The 1.0857 Level

USDCAD: With the pair selling off strongly during Tuesday trading session, further weakness is now envisaged in the days ahead. Support lies at the 1.0857 level with a break if seen targeting the 1.0800 level followed by the 1.0750 level. Below here will create scope for further downside towards the 1.0700 level where a breach [&hellip