USD/CAD Forex Forecasts - Forex Trading Forecasts

This section features USD/CAD forecasts for today, tomorrow, and for a week. Here you can figure out the general situation and make your personal decision whether to follow this analytics or not. USDCAD currency pair is one of the most popular on the market; it is much in demand with currency traders. The share of this pair in the total trade volume is about 10%. Compared to US dollar, Canadian dollar (the "loonie") gains in weight more steadily over the course of a few decades. Canadian dollar is a commodity currency and is influenced by prices on various raw materials, including oil.

FP Markets
CAD rises ahead of BoC rates decision

The Canadian dollar gained against the USD during the Asian session as the market waited for the BOC decision that will be made later today.

HYCM
USD/CAD retreats from session highs,

US Dollar Index loses traction in the last hour. WTI clings to small daily gains near $55 handle. Coming up: Consumer Price Index (CPI) data...

HYCM
USD/CAD rebounds from multi-month lows

A sharp pullback in Oil prices undermined Loonie and helped gain some positive traction. Fed rate cut bets kept the USD bulls on the defensive...

OctaFX
USD/CAD sticks to modest gains

A modest pull-back in Oil prices undermine Loonie and helped regain traction. The USD continues to attract some safe-haven flows and remained...

FIBO Group
CAD boosted by jobs report

The Canadian dollar has continued to rally against its US counterpart, following on from Friday’s sold gains after a better than expected jobs report...

HYCM
USD/CAD struggles to make a recovery

US Dollar Index stays calm above the 97 mark. WTI tries to retrace Wednesday's sharp drop. Coming up: Trade balance data...


Orbex
CAD hitches a ride as crude prices surges

The Canadian dollar rose on the back of rising crude oil prices. WTI crude oil closed on Monday with 2.45% gains. This allowed the Canadian dollar...

HYCM
USD/CAD eases from near 4-week tops

The USD fails to benefit from a strong recovery in the US bond yields. Resurgent oil prices underpin Loonie and prompt some profit-taking. Traders now eye...

HYCM
USD/CAD recovers from 2-week lows

Resurfacing US-China trade tensions helped revive the USD demand. A modest pull-back in oil prices undermine Loonie and remain supportive. Focus...

JustForex
USD/CAD started to descend

At the moment CAD is consolidating at 1.35700-1.36200. A technical correction is highly probable. You should open positions from the key levels...

JustForex
USD/CAD consolidates after a long rally

There is no singular trend. Luni is testing the key support and resistance levels of 1.32650 and 1.36150. A technical correction is possible soon...

JustForex
USD/CAD keeps showing a bullish mood

The CAD is trading in a flat. Positions should be opened from the key interest levels of 1.34900 and 1.35300. Investors are waiting for the economic...


JustForex
USD/CAD testing the annual maximums

The financial market participants are waiting for the Federal Reserve meeting. You should open positions from the key support and resistance levels...

JustForex
USD/CAD being traded in a long flat

There is no singular trend. The key support and resistance levels are 1.33600 and 1.34000. Investors are waiting for additional drivers. Keep an eye...

JustForex
The CAD keeps trading in a long flat

The key support and resistance levels are 1.33600 and 1.34000 respectively. Important stats from the US are in the spotlight. You should keep...

JustForex
USD/CAD keeps trading in a flat

The technical picture is ambiguous. Positions should be opened from the local support and resistance levels 1.33300 and 1.33700. Keep an eye...

FIBO Group
CAD brushes off strong GDP figures

The Canadian dollar finished the week off on a lower note which was surprising given the better than expected GDP numbers released for m Canada on Friday...

OctaFX
USD/CAD downside calling

USD/CAD is trading just above a flat 200-period simple moving average suggesting a sideways market. USD/CAD bears objective is to break below...


FIBO Group
Time to focus on Canadian dollar?

With all of the uncertainty, surrounding the British Pound and the Euro it might be time to look elsewhere and the Canadian dollar might be a good place to start...

HYCM
USD/CAD to trend lower in medium term

According to Richard Franulovich, Head of FX Strategy at Westpac, CAD is a casualty like AUD of rising EM risks via weaker global growth and lower terms of trade...

HYCM
USD/CAD sticks to daily gains 1.3080

The ongoing USD upsurge helps stall this week's retracement slide and regain some traction. Weaker crude oil prices undermine Loonie and further...


HYCM
USD/CAD corrects from 1-year tops

A follow through USD retracement prompts some profit-taking on Friday. A goodish pickup in oil prices underpin Loonie and add to...

HYCM
USD/CAD climbs to fresh 2018 tops

The greenback picks up further pace vs. CAD around 1.3280. US-CA 2-year yield spread widen further, supporting the buck. US Housing Starts and Building Permits...

FXTM
CAD lifts on rate rise prospects

The Canadian economy has been the big talking point of this afternoon with the Bank of Canada (BoC) keeping rates flat at 1.25%. The major change though...


HYCM
CAD consolidates near month tops

The pair has managed to hold with modest gains and seemed rather unaffected by the recent US political turmoil, which has led to some renewed...

FXTM
American markets lead trading

The USDCAD has been the trade of Monday as we've seen a major technical breakout on the charts. This is surprising for the most part as the USD has not had a great day...

HotForex
USDCAD retraces 50% of overnight losses

The dollar remained on a back foot following Trump’s apparent hitting of the trade way button, although it remains to be seen how targeted his proposed...


FXTM
CAD slips further on retail figures

The Canadian dollar has come back sharply into focus today, as retail sales data disappointed the market. While the figure of -0.8% m/m was much...

HotForex
A notable laggard amid USD weakness

CAD remains a notable laggard amid sustained USD weakness, close to unchanged vs the USD 2018 YTD vs more meaningful gains for JPY...

FXTM
NAFTA rumours put pressure on CAD

The USD has had a serious case of whip lash today across the major pairs after speculation was rife in the market that Trump would look to...


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