US Dollar Canadian Dollar Exchange Rate Forecast

Longer-term studies seem to be suggesting that the market is in the process of carving out a major base, with a fresh higher low now sought out by parity ahead of the next major upside extension beyond 1.3000. At this point however, will need to see a break back above 1.0850 to encourage the recovery prospects and accelerate gains. In the interim, any... Read more...

Loonie Nearing Bottom of Its Long-Term Range

For the range-bound trader, the USD/CAD pair has been a delight for the last year or so. FX traders love a predictable currency pair, and have found one in the USDCAD. The pair has been stuck between “parity” and the 1.07 handle since the latter half of 2009, and simply cannot gain traction to get either above or below the out barriers of the above... Read more...

Commodities Lift Canadian Dollar

The Canadian dollar closed higher Monday, receiving a lift from higher commodity prices even as the U.S. dollar strengthened ahead of an announcement from the U.S. Federal Reserve on new stimulus measures. The loonie closed up 0.4 of a cent at 98.42 cents (U.S.) at the start of what is likely to be a volatile week with the U.S. midterm elections on... Read more...

Canadian Dollar Benefits from Greenback’s Slide

The Canadian dollar (CAD/USD-I0.980.0070.70%) made strong headway Thursday, rising more than two-thirds of a U.S. cent as commodity prices rose and the U.S. dollar resumed its downward slide. The currency closed up 0.69 of a cent at 97.9 cents (U.S.). The loonie had fallen the previous two sessions amid volatility on currency markets ahead of next Wednesday’s... Read more...

USD/CAD Hits Fresh Daily High

The U.S. dollar was up against its Canadian counterpart on Tuesday, rising to a fresh daily high as risk aversion increased following the release of worse-than-expected U.S. housing data. USD/CAD hit 1.0266 during European afternoon trade, a fresh daily high; the pair subsequently consolidated at 1.0246, advancing 0.47%. Read more about USD/CAD…  Read More →

USD/CAD Fails to Hold Above 1.0200

The Loonie is consolidating gains against the Dollar on Monday. USD/CAD failed to hold above 1.0200 during the American session and pulled back to 1.0180. Read more about the Loonie…  Read More →

USD/CAD Hits Fresh Lows

USD/CAD reached fresh daily lows as the Greenback weakened across the board. The pair fell below 1.0265 and has bottomed so far at 1.0240 but remains under pressure and is trading near daily lows. Read more USD and CAD…  Read More →

USD/CAD Skyrockets Passed 1.0350

FXstreet.com (Barcelona) – The Loonie took a harsh beating against the US Dollar on Tuesday, after extreme risk aversion conditions triggered by China’s rate hike, allowing the Greenback to rally against all its major rivals. Read more about USD and CAD…  Read More →

USD/CAD Up Toward the End of U.S. Session

The U.S. Dollar was higher against the Canadian Dollar on Monday after the release of U.S. data on Industrial Production. USD/CAD was trading at 1.0144, up 0.39% at time of writing. The pair was likely to find support at 0.9980, Thursday’s low, and resistance at 1.0228, today’s high. Earlier in the day, official data showed that U.S. industrial... Read more...

USD/CAD Hits Fresh Daily High

FXstreet.com (Córdoba) – The Canadian Dollar erased previous gains against the Greenback and now is falling on a daily basis, retreating from 5-month highs. USD/CAD is testing levels above 1.0050, trading at daily highs. The pair moved further away from the lows following the Wall Street opening and regained the upside, after finding support at 1.0025. Read... Read more...

USD/CAD Breaks Below 1.0150

FXstreet.com (Córdoba) – USD/CAD was rejected again from levels above 1.0200 and turned to the downside falling more than 70 pips from daily highs. The pair reached a fresh session low at 1.0139 and currently trades below 1.0150, previous support zone. Read more…  Read More →

Forex: USD/CAD Falls to 1.0150

FXstreet.com (Córdoba) – The Dollar is falling sharply on Tuesday against commodity currencies and holds near daily lows. USD/CAD broke below 1.0180 and tumbled to 1.0150 hitting the lowest price since August 6. Read more…  Read More →

USD/CAD –- Stand Aside

Although the greenback dropped below previous support at 1.0191 (we sold on break of this level), lack of follow through selling and the subsequent rebound from 1.0180 suggest consolidation would be seen, however, only above 1.0280/85 (61.8% Fibonacci retracement of 1.0345 to 1.0180) would suggest low is possibly formed and bring stronger rebound to... Read more...

USD/CAD Finds Resistance at 1.1556

The USD/CAD advance in today’s session has encountered resistance at 1.1556, a fresh 1-month high after climbing around 200 pips since the early European session from 1.1360 to 1.1556. Read more…  Read More →

USD/CAD Bounces at 1.1250 and Tests 1.1300 After Canadian Retail Sales

USD/CAD has bounced at the 1.1250 level to rise above 1.1280 and test 1.1300 resistance, fueled by worse than expected Canadian retail sales in April. The currency pair rose 50 pips after the data was released, moving to 1.1290/1.1300, yet 0.25% below today’s opening price. Read more…  Read More →

USD/CAD Finds Support at 1.1235

The USD/CAD’s decline from a 1.1365 intra-day high has found support at 1.1235 in the American session after falling 130 pips since the European morning. Currently, the pair is trading around 1.1270/80, yet in the negative daily field, trading 0.15% below today’s opening price. Read more…  Read More →

USD/CAD Breaks 1.1300 and Posts 1.1350, Fresh June High

USD/CAD has broken the 1.1300 level in the European session, and it has posted 1.1350 as a new June high after rising 1.30% so far today from the 1.1205 opening price action in a 150-pip increase in movement. Currently, the pair is trading at around 1.1335/45. Last week, USD/CAD declined 0.12% after opening at 1.1198 on Monday and closing at 1.1178... Read more...

Chart of the Day: USD/CAD (Daily FX via Yahoo! Finance)

The USD weakness appears to be increasing this morning with the USD/CAD moving down on the 4-hour chart. This is really an oil play as this pair has a tendency to fall as the price of oil rises.  Read More →

Forex: USD/CAD rises to test 1.1250 after rebounding from 1.1175 (The Forex Market)

FXstreet.com (Barcelona) – After rebounding at 1.1175, coming from its 125 pips declines from 1.1290, fresh 1-week high, the USD/CAD has risen around 75 pips to test 1.1250 levels in the American session. Currently the pair is trading around 1.1225/35, 0.35% above today’s opening price action.  Read More →

Forex: USD/CAD tests 1.1040 resistance after Canadian unemployment data (The Forex Market)

FXstreet.com (Barcelona) – The USD/CAD has reacted with a 30 pips jump in the first seconds after the worst than expected May Unemployment Canadian data from 1.1010 to test 1.1040. After that, the CAD has begun to recover slightly to initials levels and the USD/CAD is currently trading around 1.1015/25,0.25% above today’s opening price.  Read More →

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