The Canadian Dollar continues to strengthen against the US Dollar on Friday, bolstered by a generally weaker Greenback and robust Canadian Retail Sales figures that exceeded expectations. As of the current moment, USD/CAD is positioned at approximately 1.3767, indicating a fifth consecutive day of decline. The USD/CAD pair continues to fall as robust Canadian Retail … Read more
The USD/CAD pair exhibited a degree of strength during the Tuesday session, with the US dollar gaining modestly against the Canadian dollar, reflecting the Greenback’s ongoing resilience. USD/CAD has maintained a slightly positive tone during the early hours on Tuesday, oscillating around several key moving averages. It is important to note that the Canadian dollar … Read more
The USD/CAD pair has experienced a modest increase in early Tuesday trading, with attention remaining firmly focused on the 1.38 level. USD/CAD is known for exhibiting significant volatility even under stable conditions, as a large portion of transactions between the United States dollar and the Canadian dollar are driven by necessity due to the two … Read more
The USD/CAD pair shows a notable increase, reaching approximately 1.3770 during the early European session on Monday. The initial support level is identified at 1.3745, while the key resistance level to monitor stands at 1.3877. Market participants prepare for the release of the US ISM Manufacturing PMI report. The USD/CAD pair moves upward, approaching 1.3770 … Read more
USD/CAD continues to exhibit volatility around a significant technical level as market participants assess Federal Reserve policy and the overall strength of the dollar. The limited yield advantage suggests that the direction of USD/CAD will likely be influenced by fluctuations in other significant currency pairs. The US dollar has exhibited considerable volatility during the trading … Read more
The USD/CAD pair demonstrates a rejection of gains at the 1.38 level, with resistance remaining intact, while recent Federal Reserve bond-buying activities exert pressure on the dollar. The current tightening of rate differentials contributes to volatile trading conditions, presenting risks below 1.37 and 1.36, whereas an upward movement necessitates a breach of 1.39. The US … Read more
USD/CAD experienced fluctuations as the pair approached the previous downtrend line, seeking support and momentarily rebounding. The market’s attention is now directed towards the forthcoming FOMC meeting, which could influence the trajectory of the US dollar, determining if it continues its recovery or declines further. The US dollar exhibited significant volatility against the Canadian dollar … Read more
USD/CAD is currently limited, with the 50-day EMA and the 1.40 level hindering upward movement, while the pair is positioned on the 200-day EMA. Market participants are closely monitoring the upcoming Canadian employment figures and the anticipated Federal Reserve rate cut next week for guidance on market direction. The US dollar started strong against the … Read more
USD/CAD is retracing from levels above 1.40, maintaining support around the 50- and 200-day EMAs. Market activity in USD/CAD seems confined within a range, exhibiting a modest bullish inclination influenced by the relative strength of the U.S. economy. The US dollar made an attempt to strengthen on Tuesday but ultimately relinquished its gains beyond the … Read more
The USD/CAD has surged during the trading session on Wednesday, with the 1.40 level continuing to provide support. All things considered, this market appears poised to trend upward, though the ascent will likely be gradual rather than swift. This is primarily due to the fact that many of the transactions occurring in this currency pair … Read more