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.

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.

HYCM
13 Aug, 2019   HYCMUSD/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
5 Jul, 2019   HYCMUSD/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
14 Jun, 2019   OctaFXUSD/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
10 Jun, 2019   FIBO GroupCAD 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
6 Jun, 2019   HYCMUSD/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
23 Apr, 2019   OrbexCAD 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
29 Mar, 2019   HYCMUSD/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
20 Mar, 2019   HYCMUSD/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
2 Jan, 2019   JustForexUSD/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
27 Dec, 2018   JustForexUSD/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
21 Dec, 2018   JustForexUSD/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
20 Dec, 2018   JustForexUSD/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
17 Dec, 2018   JustForexUSD/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
14 Dec, 2018   JustForexThe 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
13 Dec, 2018   JustForexUSD/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
26 Nov, 2018   FIBO GroupCAD 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
15 Oct, 2018   OctaFXUSD/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
21 Aug, 2018   FIBO GroupTime 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
17 Aug, 2018   HYCMUSD/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
15 Aug, 2018   HYCMUSD/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
22 Jun, 2018   HYCMUSD/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
19 Jun, 2018   HYCMUSD/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
31 May, 2018   FXTMCAD 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
16 Mar, 2018   HYCMCAD 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
6 Mar, 2018   FXTMAmerican 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
2 Mar, 2018   HotForexUSDCAD 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
23 Feb, 2018   FXTMCAD 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...


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