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.

XM
20 Nov, 2020   XMUSDCAD comes to a standstill as momentum fades

USDCAD's dictating bearish picture seems to be taking a breather after a bounce off a newly formed 10-month low of 1.2927. The slowing bearish pace of the 50- and 100-day...

XM
13 Nov, 2020   XMUSDCAD shows chances for gains above falling trend line

USDCAD is touching the falling trend line, which has been developing since April 21, despite the break to the upside at the end of October. The price is also flirting...

OctaFX
12 Nov, 2020   OctaFXUSD/CAD hits fresh weekly tops, eyeing to reclaim 1.3100 mark

USD/CAD continued gaining positive traction for the third consecutive session on Thursday. A softer risk tone benefitted the safe-haven USD and remained supportive...

XM
6 Nov, 2020   XMLoonie stable ahead of potentially positive employment report

The Canadian economy is in a period of a great uncertainty. It's not too surprising therefore that the Canadian dollar has been moving sideways against the US dollar...

XM
30 Oct, 2020   XMUSDCAD struggles as advances restricted by 100-MA

USDCAD appears to be developing a neutral-to-bearish pattern as its recent progress from 1.3080 seems is being supressed by the 100-day simple moving average (SMA)...

XM
20 Oct, 2020   XMLoonie may edge higher after Canadian CPI

Canada will publish its inflation data for the month of September at 1230 GMT on Wednesday together with retail sales figures for August. The recovery in retail sales...


XM
13 Oct, 2020   XMUSDCAD recedes below 200-MA

USDCAD is currently at a standstill near the red Tenkan-sen line after its retreat under the Ichimoku cloud and simple moving averages (SMAs). The subsiding...

XM
6 Oct, 2020   XMUSDCAD hits 2-week low and returns back above

USDCAD is pointing upwards after the strong selling interest from the two-month high around 1.3418. The pair surpassed the 38.2% Fibonacci retracement level...

XM
2 Oct, 2020   XMUSDCAD ticks up after downfall from descending line

USDCAD is pointing slightly up after the strong downfall from the upper surface of the Ichimoku cloud and the falling trend line around 1.3420. The 20- and 40-day...

OctaFX
25 Sep, 2020   OctaFXUSD/CAD consolidates in a range, around mid-1.3300s

USD/CAD remained confined in a narrow trading band through the early European session. Coronavirus jitters underpinned the safe-haven USD and extended some...

XM
11 Sep, 2020   XMUSDCAD retests upper boundary of descending channel

USDCAD has been developing within a descending movement since March 19 and is currently coupled within the 20- and 40-day simple moving averages (SMAs)...

OctaFX
10 Sep, 2020   OctaFXUSD/CAD clings to modest gains above mid-1.3100s

USD/CAD gained some positive traction on Thursday and recovered a part of the overnight fall. A fresh leg down in oil prices undermined the loonie and remained...


XM
4 Sep, 2020   XMUSDCAD aims for a bullish breakout but bears still in play

USDCAD is pushing for a close above the long-term ascending trendline drawn from September 2017, which could also drive the price out of the 5 month old downward...

XM
28 Aug, 2020   XMUSDCAD unlocks fresh 7-month low below 1.3100

USDCAD has been posting more losses as it completed a fresh seven-month low of 1.3085 earlier today, remaining in a descending channel over the last...

XM
25 Aug, 2020   XMUSDCAD slows momentum in sideways channel

USDCAD has been in a consolidation area over the last week with upper boundary the 1.3245 resistance and lower boundary the seven-month low of 1.3132, reached...

OctaFX
18 Aug, 2020   OctaFXUSD/CAD drops to the lowest level since late January

The USD/CAD pair weakened further below the 1.3200 mark and tumbled to near seven-month lows during the early European session. The pair added to the previous...

XM
14 Aug, 2020   XMUSDCAD seems to be in a make-or-break situation

USDCAD has been trading bearish for five consecutive weeks but this time the price is in a sensitive territory, near a long-term supportive trendline that has been...

OctaFX
12 Aug, 2020   OctaFXUSD/CAD eases from tops, still comfortable above 1.3300 mark

USD/CAD gains some positive traction on Wednesday, snapping two days of losing streak. Hopes of a US economic recovery, surging US bond yields extended some...


OctaFX
5 Aug, 2020   OctaFXClear break below key support at 1.3331/15

USD/CAD has removed crucial support at 1.3331/15. Economists at Credit Suisse stay biased lower and look for a clear break of the "neckline" to the September...

XM
24 Jul, 2020   XMUSDCAD trapped below trendline; targets June's lows

USDCAD was forced to shift south after the descending trendline and the 23.6% Fibonacci level of the 1.4667-1.3314 downleg held firm once again, with the...

OctaFX
24 Jul, 2020   OctaFXUSD/CAD clings modest recovery gains, just below mid-1.3400s

USD/CAD gains some positive traction on Friday and moves away from six-week lows. A mildly softer tone around oil prices undermined the loonie...


XM
23 Jul, 2020   XMUSDCAD improves somewhat within trading range

USDCAD recently climbed above all converged simple moving averages (SMAs) and the 1.3594 level, that being the 38.2% Fibonacci retracement...

Grand Capital
23 Jul, 2020   Grand CapitalUSDCAD under pressure amid the rising crude oil prices

The pair remains under pressure amid the rising crude oil prices, global weakness of the US dollar and the latest figures from Canada. If the former two factors...

XM
21 Jul, 2020   XMCanadian inflation and retail sales to drive loonie

Canada will publish its retail sales data for the month of May at 1230 GMT on Tuesday before releasing inflation figures for June at the same...


XM
17 Jul, 2020   XMUSDCAD bulls wait for a close above 1.3633

The 200-day simple moving average (SMA) limited downside corrections in USDCAD, holding the pair above its recent lows. Still, positive movements...

XM
10 Jul, 2020   XMLoonie left behind in risk rally, can jobs data help?

The Canadian dollar has underperformed other G10 commodity currencies lately, eating the dust of the aussie and the kiwi since markets bottomed in March...

XM
8 Jul, 2020   XMLoonie left behind in risk rally, can jobs data help?

The Canadian dollar has underperformed other G10 commodity currencies lately, eating the dust of the aussie and the kiwi since markets bottomed in March...


FIBO Group
12 Feb, 2020   FIBO GroupCanadian dollar strengthened to a weekly high

The Canadian dollar strengthened to a one-week high against its American counterpart on Wednesday, as declining concern over the economic impact...

XM
10 Jan, 2020   XMLoonie braces for Canadian jobs data

The latest employment figures out of Canada will be released at 13:30 GMT on Friday. Recent data have been disappointing, which puts extra...

FP Markets
4 Dec, 2019   FP MarketsCAD 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.


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