The US dollar exhibited fluctuating behavior against the Canadian dollar in the USD/CAD pair, influenced by limited liquidity during Thanksgiving, as price movements hovered around significant technical thresholds. The pair continues to find support, although changing expectations from the Fed and weak crude prices create short-term volatility near important moving averages. The US dollar exhibited … Read more
The USD/CAD experienced a decline prior to the Thanksgiving lull, influenced by increasing expectations for forthcoming Fed rate reductions. In light of recent short-term weakness, it is important to note that major support zones are still holding firm, and the prevailing rate differentials suggest a favorable outlook for U.S. dollar strength in the future. The … Read more
The USD/CAD pair remains in a range, fluctuating between solid resistance at 1.41 and significant support around 1.40, as overarching fundamentals suggest a slow but steady strengthening of the U.S. dollar. Pullbacks seem to present buying opportunities unless the pair falls below the 200-day EMA. The US dollar fluctuated against the Canadian dollar during the … Read more
The USD/CAD pair rallied in the early part of Thursday’s session, although a slight pullback followed. Even so, traders should remain attentive, as the 1.40 level continues to act as a major support zone, strengthened further by the 50-day EMA. Given the current market setup, USD/CAD is expected to find renewed buying interest here, with … Read more
The U.S. dollar experienced a decline in the early part of the Monday session, but subsequently rebounded, demonstrating renewed strength against the Canadian dollar once more. Ultimately, the Canadian dollar faces several challenges, chief among them being the sluggish nature of the Canadian economy itself. Additionally, we must consider the implications of the trade war … Read more