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USD/CAD Forecast - Page 4


Canadian dollar bruised ahead of BoC decision
Canadian dollar bruised ahead of BoC decision

Canadian Prime Minister Justin Trudeau has just announced that the country will keep its border restrictions intact for at least another month, until May 21...

21 Apr 2021FXTM

Bank of Canada policy meeting: A bond tapering story
Bank of Canada policy meeting: A bond tapering story

The Bank of Canada (BoC) will set its policy on Wednesday at 14:00 GMT, two days after Trudeau's government tables its first budget in two years...

20 Apr 2021XM

USDCAD stuck in a bear trap
USDCAD stuck in a bear trap

USDCAD remained stuck below the long-term descending trendline and under the Ichimoku cloud for another week, but encouragingly, the 1.2515 support held firm...

16 Apr 2021XM

Canadian employment report may boost loonie
Canadian employment report may boost loonie

The Canadian dollar has been underperforming against the US dollar over the last couple of days as investors are waiting for March's employment report on Friday...

7 Apr 2021XM

USD/CAD refreshes session tops, bulls await a sustained move beyond 1.2600 mark
USD/CAD refreshes session tops, bulls await a sustained move beyond 1.2600 mark

A combination of factors assisted USD/CAD to catch some fresh bids on Tuesday. The upbeat US economic outlook, rising US bond yields benefitted the greenback...

30 Mar 2021Octa

USDCAD bulls contest concrete bearish bias
USDCAD bulls contest concrete bearish bias

USDCAD is heading towards the 100-period simple moving average (SMA), following an impressive performance after a stable foothold at the multi-year low of 1.2364...

23 Mar 2021XM

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USD/CAD slides to 1.2470-60 area amid recovering oil prices
USD/CAD slides to 1.2470-60 area amid recovering oil prices

USD/CAD failed to capitalize on the overnight solid rebound or find acceptance above the 1.2500 mark. Retreating US bond yields weighed on the US...

19 Mar 2021Octa

USDCAD rebounds above 3-year low
USDCAD rebounds above 3-year low

USDCAD is heading marginally north after the slip to the 1.2525 support level, however, the pullback off the descending trend line in the previous sessions signals...

12 Mar 2021XM

Canadian employment data may drive loonie higher
Canadian employment data may drive loonie higher

The Canadian dollar is gaining some ground against the US dollar with weak momentum as investors are waiting for February's employment report on Friday...

11 Mar 2021XM

USDCAD violates Ichimoku cloud's floor
USDCAD violates Ichimoku cloud's floor

USDCAD is currently piercing the Ichimoku cloud's lower surface, while the pair remains confined within a consolidation pattern between 1.2574 and 1.2746...

9 Mar 2021XM

USDCAD trapped in a bear market
USDCAD trapped in a bear market

USDCAD attempted to quickly recover from a three-year low of 1.2467 as it did back in 2016, but the tough ascending trendline and the bottom of the Ichimoku...

5 Mar 2021XM

Loonie remains choppy ahead of Canadian GDP
Loonie remains choppy ahead of Canadian GDP

Fourth quarter GDP numbers will be watched out of Canada on Tuesday (13:30 GMT) as the recovery is expected to have lost steam. Nevertheless...

2 Mar 2021XM

USD/CAD Price Analysis: Slides further below 1.2500 mark
USD/CAD Price Analysis: Slides further below 1.2500 mark

USD/CAD continued losing ground through the first half of the European session. Oversold RSI on short-term charts warrants caution before placing fresh bearish bets....

25 Feb 2021Octa

USD/CAD Trades above 1.27, looks north
USD/CAD Trades above 1.27, looks north

USD/CAD's daily chart show dip demand below 1.27. The 4-hour chart MACD and RSI are biased bullish. USD/CAD is currently trading mostly unchanged...

12 Feb 2021Octa

Canadian jobs data may not dampen spirits
Canadian jobs data may not dampen spirits

The loonie may not be brought to tears when Canada releases its first employment report of the year on Friday at 12:30 GMT, as weaker figures are inevitable...

4 Feb 2021XM

USDCAD retreats towards descending channel
USDCAD retreats towards descending channel

USDCAD climbed above the short-term descending channel earlier today in the four-hour chart but failed to jump above the 1.2780 resistance, returning lower...

26 Jan 2021XM

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USDCAD calls for an upside reversal after new 33-month low
USDCAD calls for an upside reversal after new 33-month low

USDCAD stretched its March downtrend to a fresh 33-month low of 1.2588 on Thursday before completing the day with a bullish doji candle. The positive candle...

22 Jan 2021XM

Bank of Canada: Opening the door for a rate cut
Bank of Canada: Opening the door for a rate cut

The BoC will conclude its policy meeting at 15:00 GMT Wednesday and there are some whispers in market circles about a micro rate cut. Covid infections have risen...

19 Jan 2021XM

USDCAD holds under SMAs unable to break bearish shackles
USDCAD holds under SMAs unable to break bearish shackles

USDCAD is pushing off multi-year lows but seems to be incapable of shaking off the bearish tone which has grasped the pair for nearly a year, starting back in March 2020...

15 Jan 2021XM

USDCAD posts losses in Ichimoku cloud
USDCAD posts losses in Ichimoku cloud

USDCAD posted losses for the second consecutive period, pulling back from the 200-period simple moving average (SMA) around the 1.2835 resistance and...

12 Jan 2021XM

USD/CAD struggles for direction, confined in a range below 1.2700 mark
USD/CAD struggles for direction, confined in a range below 1.2700 mark

USD/CAD extended its directionless price move for the second straight session on Thursday. Bullish oil prices underpinned the loonie and kept a lid on any...

7 Jan 2021Octa

USDCAD declines further below descending trend line
USDCAD declines further below descending trend line

USDCAD has been consolidating losses since the day it plunged from the more than four-year high of 1.4668. Currently, in the very-short-term, the price is...

24 Dec 2020XM

 USDCAD's bearish course stabilises around 32-month base
USDCAD's bearish course stabilises around 32-month base

USDCAD appears to have become moderately static after logging a near 32-month low of 1.2705 and forming a base around the 1.2700 handle. The flattening...

15 Dec 2020XM

Bank of Canada policy preview: The calm after the storm
Bank of Canada policy preview: The calm after the storm

Overall, it seems that the Canadian dollar is fundamentally in a relatively advantageous position when compared to its safe haven US counterpart. From a technical...

9 Dec 2020XM

USDCAD's breakdown revives March downtrend
USDCAD's breakdown revives March downtrend

USDCAD brought its downward pattern from the 1.4667 peak back into play after breaching the 1.2980 floor and the base of a rectangle, which kept the market...

4 Dec 2020XM

Loonie may not abandon its bullish trend yet
Loonie may not abandon its bullish trend yet

In addition to GDP readings, Canada will publish employment data for the month of November on Friday at 12:30 GMT, providing its latest update on the health...

2 Dec 2020XM

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USDCAD stands around often tested 1.2993
USDCAD stands around often tested 1.2993

USDCAD has found significant support at the 1.2993 barrier over the last three months, posting a negative spike around 1.2930, which is a new two-year low on...

27 Nov 2020XM

USDCAD comes to a standstill as momentum fades
USDCAD 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...

20 Nov 2020XM

USDCAD shows chances for gains above falling trend line
USDCAD 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...

13 Nov 2020XM

USD/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...

12 Nov 2020Octa


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