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…

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…

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…

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…

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 [...]

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 [...]

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…

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…

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 1.0320/25 [...]

Chart Of The Day: USD/CAD

Bearish price action on USD/CAD, a daily chart of which is shown, has descended all the way down to strong support around the 1.0800 price region. This support target was reached after a prolonged and primarily one-directional plummet that has been in place since price made a bullish retracement to… Read more….

Forex: USD/CAD falls to 1.0785, fresh 7 month low (The Forex Market)

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.

Forex: USD/CAD finds support at 1.1160, back above 1.1200 (The Forex Market)

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.

Forex: USD/CAD rises to test 1.1355 resistance (The Forex Market)

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.

Usd/Cad "Resistance", Oil "Move Lower"?

On the Usd/Cad we are back with a wave count on a daily chart where we can see the current lows around our Fibonacci support area of a black wave III). The market has made a clear five waves down in black wave III) from a top of a flat… Read more….

Forex: USD/CAD Tests 1.1280 resistance (The Forex Market)

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 Buy Recommendation Issued @1.1230 (Daily FX)

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.

Forex: USD/CAD falls 1.50% so far today, close to 1.1600 (The Forex Market)

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.

Forex: USD/CAD rises to test 1.1770/80 resistance (The Forex Market)

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.

Forex: USD/CAD rises to test 1.1790, intra-day high (The Forex Market)

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.

Chart Of The Day: USD/CAD

Price action on USD/CAD, a daily chart of which is shown, has made a minor bullish correction within the context of a steep overall downtrend channel. This correction follows weeks of steeply bearish price action. As of Thursday (5/14/2009) morning, the pair has ascended to approach strong resistance at the… Read more….

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