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…

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…

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…

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 on Friday. The pair reached 1.1291 at its highest and 1.0942 at its lowest. Read more about USD and CAD…

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.

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.

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.

FXstreet.com (Barcelona) – After finding support at 1.1020, coming from its 120 pips decline from 1.1142, intra-day high, the USD/CAD has begun to rise from this intra-day low to reach 1.1120 ahead the BoC rate decision. Currently the pair is fighting to consolidate levels above 1.1100.

FXstreet.com (Barcelona) – After finding support at 1.1020, coming from its 120 pips decline from 1.1142, intra-day high, the USD/CAd has begun to rise from this intra-day low to reach 1.1120 ahead the ECB rate decision. Currently the pair is fighting to consolidate levels above 1.1100.

FXstreet (Barcelona) – USD/CAD fell around 140 pips from 1.0930 in the today’s opening session to post 1.0785 as fresh 7-month low in the early European session, but after the US PCE and Canadian GDP data, the pair has begun to recover some of its losses.

While the USD has been looking oversold for some time now, there has been no real solid justification for USD longs other than the oversold studies themselves.

FXstreet.com (Barcelona) – USD/CAD has found support at 1.1160, intra-day low, from its 100 pips declines from 1.1260, intra-day high in the early European session, and the pair has been rebounded above 1.1200 level.

FXstreet.com (Barcelona) – Greenback is continuing its recovering against the Canadian Dollar from its 7-month lowest levels reached last Friday. Yesterday the pair won 0.42% and today USD/CAD is rising 0.80% to test the 1.1355 resistance level.

FXstreet.com (Barcelona) – USD/CAD has been trading in a small range between 1.1255 and 1.1280 since the beginning of the European session, after rising from 1.1210 intra-day low to reach 1.1280, intra-day high, in the European morning.

Usd/Cad: We continue to look for opportunities to buy the highly overextended pair and will once again take a shot on Friday if the market decides to test our entry level.

The fact that the USD/CAD pair has only had 3 days above the 20EMA since the beginning of April further highlights the fact that it is approaching critical lows. Forex trader Chris Capre discusses the low risk buying opportunities for the forex pair.

FXstreet.com (Barcelona) – USD/CAD is continuing its strong drop today from the 1.1815 in the early Asian session, to reach a fresh intra-day low at 1.1615. The pair is falling 1.50% in its way to be close to 1.1600. Currently the pair is trading around 1.1630/40.

FXstreet.com (Barcelona) – After falling 130 pips from 1.1815, intra-day high, in the early Asian session to reach 1.1685, intra-day low in the European session, the USD/CAD has rebounded slightly to test the 1.1700 level.

Fxstreet.com (Barcelona) – USD/CAD has rising around 65 pips from 1.1705 (MA55 level on hourly chart) in the early European session to test the 1.1770 resistance and intra-day high level. Currently the pair is trading around 1.1760/70, 0.40% above todays opening price action.

FXstreet.com (Barcelona) – After falling to 1.1710 from 1.1790, intra-day high, before the US opening bell, the USD/CAD has found support at this level and it has begun to rise, currently the pair is trading around 1.1755/65, 0.09% above its today’s opening price.