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.

HYCM
USD/CAD bounces off 2-week lows

The USD/CAD pair extended overnight slump and slipped below the 1.26 handle, to its lowest level in nearly 2-weeks during the early...

HotForex
USD/CAD stalls recent recovery move

The USD/CAD pair snapped four consecutive days of winning streak and stalled its ongoing recovery move from 25-month lows. The buck remained under some...

Technical Analysis: USD/CAD, USD/CHF

CAD gained against the USD continuing the trend seen in May and June. This boost in the Loonie was largely due to Canadian employment indicators...

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Windsor Brokers
Loonie jumped vs greenback

Canadian dollar rallied to the session high at 1.3247 against the US dollar, inflated by upbeat data. Canada retail sales showed larger than expected...

Technical Analysis: USD/CAD - GBP/USD

The USD/CAD pair was broken through a number of strong psychological support levels (1.3400, 1.3300, 1.3200) and has dropped down to its 5-months minimum and started to correct. It is believed that CAD still has potential to consolidate...

FxPro
Test 20-day SMA Resistance

USD/CAD has plunged 2.5% from May 5th to 24th caused by rising oil prices. The trend has turned to an upswing since May 24th...


Fort Financial Services
USD/CAD traded flat in a tight range

A buying interest emerged at noon. The sport started a fresh rally and reversed...

Fort Financial Services
USD/CAD remained in an ascending channel

The price sharply dropped in the mid-Asian session. The spot bounced off the upper limit of the channel and fell to its lower one...

Fort Financial Services
Canadian dollar lost its upside momentum

The US dollar bounced off 1.3330 and recovered up to 1.3375 where the buying momentum faded. The price turned around in the mid-Asian session...

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USD/CAD Trades Below Major Resistance

The Fed Chair Yellen made a speech on 3rd Mar, stating that We currently judge that it will be appropriate to gradually increase the federal funds rate if the economic data continue to come in about as we expect...

USD/CAD is bouncing back

Entering the ascending channel and breaking the descending local downtrend the price started to approach the ascension in the daily chart...

USD/CAD coils in a tight range as USD and crude oil seek direction

The meeting between US President Donald Trump and Canadian Prime Minister Justin Trudeau on Monday was exceptionally diplomatic, generally skirting the major trade issue of Trump’s protectionist aim to renegotiate the North American Free Trade Agreement (NAFTA)...


Canadian dollar falls on fears of US protectionism

Although the Bank of Canada (BoC) left its overnight rate unchanged at 0.5% as expected on Wednesday, BoC Governor Stephen Poloz also said that “a rate cut remains on the table,” which helped prompt a sharp fall for the Canadian dollar...

USD/CAD drops to key support on crude oil surge

USD/CAD fell to a major support level around 1.3200 on Thursday as crude oil prices surged amid speculation over this weekend’s meeting between major oil producers that may extend OPEC’s recent deal to cut production...

USDCAD and Gold Test Key Levels

USDCAD has seen a substantial rebound from a three-week low of on the US election night. It has been trading above the downside uptrend line support with strong bullish momentum...

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USD/CAD bullish perspective remained intact

The current crude oil correction kept on weighing on CAD. Besides, the BoC dovish comments last week weakened near-term Canadian dollar perspectives...

USDCAD takes centre stage

The US dollar has continued to find see strong support from the domestic markets as US housing prices lifted quite strongly to 5.5M (5.3M exp) showing continued confidence in the housing market from consumers...

USDCAD takes centre stage

The US dollar has continued to find see strong support from the domestic markets as US housing prices lifted quite strongly to 5.5M (5.3M exp) showing continued confidence in the housing market from consumers...


USDCAD Tests Major Resistance

USDCAD has been bullish since the early September, as the recent US economic data outperforms. Yet the price is trading below the mid-term resistance level at 1.3300, the selling pressure at this level is very heavy, the price will likely pull back at this zone...

Canadian dollar is weaker against the U.S. dollar

The USA/CAD is in ascending channel, close to its upper boundary. After a brief test of the weekly highs near 1.3200 the price made an attempt to return below the tested level. Sellers seem to be struggling for the level 1.3200 now. The moving averages are below the price...

USD/CAD sinks further on weak US data

The US dollar was pummeled on Tuesday after the US ISM non-manufacturing PMI data for August was released. This data showed a significantly slower-than-expected expansion at 51.4 against prior expectations of 55.4...


USDCAD down again

USDCAD is down for a third consecutive day, this time making 11-day lows under 1.2900. The pair has been hit by two things, one being Friday’s post-U.S. jobs report losses, which has eroded Fed tightening expectations, and the other being a rally in oil prices...

USD/CAD resumed its bullish momentum

A better-than-expected US ADP Employment survey and disappointing Canadian GDP for Q2 weighed on the Canadian dollar...

USD/CAD has been under intense selling pressure since last week

The instrument is in an upward channel and traders pushed the price to its low limit on Wednesday. The USD/CAD found a strong support at 1.3000 where the pair reversed and partly erased its gains. The resistance is at 1.3100, the support comes in at 1.3000...


USD/CAD breaks out to new high

USD/CAD climbed slightly above key resistance around the 1.3200 level on Monday, primarily due to the Canadian dollar having been dragged down by falling crude oil prices...

USD/CAD analysis for June 30, 2016

The US dollar slightly fell against the major currencies. The market continued to work out the decision of the UK to exit the EU. Meanwhile, the growth of oil prices supported the Canadian dollar...

USD/CAD faces minor resistance around 1.30500

Major resistance - 1.3100. Major support - 1.2920 (200 4H MA). Lonnie has broken psychological resistance 1.3000 and jumped till 1.30989...


USD/CAD stays afloat amid weak Canadian growth

Canadian GDP data for March was released on Tuesday, revealing a second consecutive month of economic contraction at -0.2%, further disappointing prior expectations of -0.1%. The previous month of February had shown a smaller contraction at -0.1%...

USDCAD: Will the Loonie finally make up its mind

The US dollar has eased off its best levels after rebounding across the board following the release of some strong US macroeconomic pointers on Tuesday...

USD/CAD upsurge impeded by recovering oil price

The USD/CAD turned sharply higher ever since traders realised that there was a lack of supply beneath the psychological level of 1.25 last Tuesday, leading to a 500-pip rally to the next psychological hurdle of 1.30...


  


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