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Usd/cad price analysis: justifies dragonfly doji candlestick to bounce off key support line towards 1.3400
USD/CAD grinds higher after recovering from six-month-old ascending support line. Bullish candlestick formation, nearly oversold RSI (14) add strength...
May 9, 2023, 1:44 am
Usd/cad sees further recovery to near 1.3400 as fed to keep rates higher for longer
The USD/CAD pair is gathering strength for extending the recovery move above the immediate resistance of 1.3385 in the early Asian session. The ...
May 8, 2023, 11:29 pm
Usd/cad depicts “silence after the storm” below three-week low near 1.3400 amid firmer oil price
USD/CAD remains depressed at multi-day low after falling the most since January. Comparatively strong Canadian jobs report, Oil price recovery favor <...
May 8, 2023, 6:29 am
Usd/cad hangs near two-week low, flirts with 1.3500 mark ahead of us/canadian jobs data
USD/CAD drops to a two-week low on Friday and is weighed down by a combination of factors. A further recovery in Oil prices underpins the ...
May 5, 2023, 9:59 am
Usd/cad: strong canadian labour market data to support loonie – commerzbank
After loonie was able to gain noticeably yesterday, the market is likely to look with excitement at the...
May 5, 2023, 8:44 am
Usd/cad declines towards 1.3500 as usd index drops further and oil rebounds
The USD/CAD pair has witnessed an immense sell-off as the US Dollar Index (DXY) has extended its losses sharply and the oil price has shown a signific...
May 5, 2023, 5:59 am
Usd/cad price analysis: loonie bears attack 100-dma ahead of us/canada employment reports
USD/CAD fades bounce off 100-DMA as it drops back to 1.3535 amid early Friday in Asia, after refreshing a two-week low the previous day. In doing so, ...
May 4, 2023, 10:59 pm
Usd/cad price forecast: loonie bid on upbeat canadian balance of trade data
CAD is gaining ground on the US dollar but high impact economic data tomorrow will be in focus possibly resulting in a bull pennant break on USD/CAD d...
May 4, 2023, 1:55 pm
Usd/cad drops below 1.3600 as oil rebounds sharply, spotlight shifts to employment data
The USD/CAD pair has slipped below the round-level support of 1.3600 after failing to sustain above the crucial resistance of 1.3620 in the Asian sess...
May 4, 2023, 5:29 am
Usd/cad slides as russia tries to draw a line under oil prices
Given the 10% drop in oil prices this week, you would expect the Canadian dollar to be battered but that's not the case at all. The ...
May 3, 2023, 4:46 pm
Usd / cad – canadian dollar churning in broad range
WTI falls 3.0%, dragging loonie lower. – Fed expected to hike rates 25 bps and hint at a pause. – U...
May 3, 2023, 4:44 pm
Eur/usd loses some ground after eurozone cpi data
In part, this looks to be a bit more of a dollar move as the greenback is also holding decent gains now against the pound, franc and ...
May 2, 2023, 10:15 am
Pound to canadian dollar rate forecast: gbp peaks at 14-month high vs nzd
The Canadian Dollar experienced headwinds last week as a risk-off mood sapped demand for the currency alongside a decline in the price of crude oil. A...
May 2, 2023, 6:14 am
Usd/cad attempts a recovery to near 1.3550 as fed policy hogs limelight
The USD/CAD pair has attempted a recovery move after defending the crucial support of 1.3530 in the early Asian session. The ...
May 2, 2023, 12:29 am
Usd/cad price analysis: key ema confluence prods loonie pair sellers near 1.3530
100-EMA, 200-EMA together challenge loonie pair bears amid steady RSI. USD/CAD buyers struggle to keep ...
May 1, 2023, 6:29 am
Usd/cad price analysis: finds an intermediate cushion below 1.3550, us/canada pmi in focus
The USD/CAD pair has gauged an intermediate cushion below 1.3550 after a vertical sell-off from the weekly high of 1.3668. The ...
April 30, 2023, 11:29 pm
Canadian dollar rallies;”cad prospects remain challenging” but remains undervalued
The Canadian dollar gained against its US counterpart today, enabling the loonie to eke out a gain for ...
April 28, 2023, 10:59 pm
Usd/cad price analysis: 50-dma prods loonie bears around 1.3600
USD/CAD holds lower grounds near 1.3600 as the 50-DMA challenges the Loonies pair’s U-turn from a one-month high during early Friday. In doing so, t...
April 28, 2023, 2:29 am
Usd/cad price analysis: bulls run out of steam at one-month high around 1.3650
USD/CAD struggles to defend upside momentum at the highest levels in a month. Overbought RSI (14) line challenges ...
April 27, 2023, 3:59 am
Usd/cad price analysis: loonie buyers resist cheering 50-dma breakout below 1.3650
On the contrary, a six-week-long falling resistance line of around 1.3665 guards the quote’s immediate upside. Following that, the late 2022 peak ne...
April 26, 2023, 6:44 am