USD/CAD Outlook: Finance Minister’s Exit Shakes Loonie
The Canadian dollar fell after Finance Minister Chrystia Freeland suddenly resigned. The loonie fell as oil prices dropped amid demand concerns. Data in the previous...
Tag : USDCAD
USDCAD Technical Analysis – A look at the chart ahead of the Canadian CPI
Fundamental Overview The USD continues to consolidate around the highs except against the commodity currencies where it’s been having the upper hand. The US inflation...
USD/CAD Forecast Today 13/12: Breakout (Chart)
Created on December 13, 2024 The US dollar initially pulled back during the trading session on Thursday, only to turn around and show signs of...
USDCAD rises despite Canada’s economic recovery
The USDCAD rate is rising, reaching the upper boundary of a long-term range. Discover more in our analysis for 30 October 2024. USDCAD forecast: key trading points...
USDCAD stretches higher and is testing a swing high target from 2020
The USDCAD is pushing higher, testing levels not seen since April 2020 at 1.4264. A break above this key resistance would open the door to...
USD/CAD Daily Outlook – Action Forex
Daily Pivots: (S1) 1.4210; (P) 1.4228; (R1) 1.4252; More… Intraday bias in USD/CAD stays on the upside for the moment. Current rally is part of...
USD/CAD Outlook: Loonie Surges Amid BoC’s Cautious Tone
The Bank of Canada shifted to a more hawkish tone that boosted the Canadian dollar. The dollar was weak after US inflation data came in...
USD/CAD Weekly Forecast: Gaining Ahead of Major BoC Cut
Traders increased the likelihood of a massive Bank of Canada rate cut in December. Canada’s unemployment rate jumped from 6.5% to 6.8%. US job growth...