USD/CAD Weekly Outlook – Action Forex
USD/CAD’s up trend continued to as high as 1.4466 last week but retreated after breaching 1.4391 projection level. Initial bias is turned neutral this week...
Tag : USDCAD
USD/CAD Weekly Forecast: Fed-BoC Divergence Triggers Bulls
US data on sales, business activity and GDP growth all revealed a robust economy. Canada’s inflation rose more than expected, but sales missed forecasts. Fed...
USD/CAD Price Analysis: Political Stability Restores Loonie
Canada’s new Finance Minister, Dominic Leblanc, took office, restoring political calm. The US economy grew by 3.1% in the fourth quarter. US jobless claims dropped...
USD/CAD steady ahead of retail sales
The Canadian dollar is showing limited movement on Friday. In the European session, USD/CAD is trading at 1.4384, down 0.11% at the time of writing....
USD/CAD Forecast Today – 18/12: CAD Weakens Further (Chart)
Created on December 18, 2024 In my daily analysis of major currency pairs, the USD/CAD continues to capture my attention as the political issues in...
USDCAD trades to new 2020 high but backs off. What tilts the bias back to the downside?
The USD/CAD reached a new 2024 high, climbing to its highest level since March 2020. The key upside target from that period is 1.4348, with...
USD/CAD Analysis Today-18/12: Bullish Yet Vulnerable (Chart)
Created on December 18, 2024 The USD/CAD is within sight of highs from the climatic days of coronavirus in March and April of 2020, this...
USD/CAD Price Analysis: Upbeat US Data Ignites Bulls
Data on Tuesday revealed that US retail sales jumped by 0.7% in November. Market participants are pricing a 97% chance of a Fed rate cut....
USDCAD rises following Bank of Canada interest rate cut
The USDCAD pair continues to rise following a reduction in Canadian interest rates. Positive US data may cause the Canadian dollar to lose ground further....
USD/CAD Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 1.4217; (P) 1.4244; (R1) 1.4272; More… Canadian Dollar edged up slightly in early US session and intraday bias remains on the upside....