The USD / CAD recovery is capped below 1.3100 so far on Friday. The technical setup on the 1-hour chart remains in favor of the bears. The focus is on global market sentiment and Canadian data for fresh momentum. USD / CAD has halted its recovery from Thursday’s low of 1.3062 and has encountered a […]
Tag: USDCAD
USD / CAD clings to modest gains around 1.3100 after US and Canadian data
The USD / CAD pair continues to trade in positive territory around 1.3100. The US dollar index rises above 92.60 at the beginning of the American session. WTI reduces initial losses, turns positive on the day near $ 41.70. After advancing to a daily high of 1.3123 during the European session, the pair USD / […]
USD / CAD rises above the 1.3100 level ahead of US data.
USD / CAD rallies above 1.3100 on Thursday. WTI is trading in negative territory near the $ 41 level. The US Dollar DXY Index bounces above 92.50 as sentiment worsens. After falling to a weekly low at 1.3032 on Wednesday, The USD / CAD pair has turned higher on Thursday as falling crude prices make […]
USD / CAD sets new weekly lows around 1.3050 amid risk appetite
Improving risk appetite / higher crude prices has pushed USD / CAD to fresh lows for the week around 1.3050. Amid mild USD conditions, the loonie looks further lower and a test of 1.3000. The USD / CAD has retreated to fresh week lows of around 1.3050 in recent trading, the pair is now suffering […]
USD / CAD moves away from weekly lows, still depressed below 1.3100 after US / Canadian data
A combination of factors triggered new selling around USD / CAD on Wednesday. The loonie remained well supported by positive oil prices, according to the upbeat Canadian CPI report. A modest rebound in US bond yields benefited the dollar and helped limit losses. The pair USD / CAD it rose during the early North American […]
USD / CAD flirts with weekly lows around 1.3070 region
A combination of factors triggers new selling around USD / CAD on Wednesday. Concerns about the increase in COVID-19 cases in the US continue to weigh on the USD. A modest rebound in oil prices benefits the CAD ahead of Canadian inflation data. The selling bias in the USD has accelerated at the start of […]
USD / CAD rallies above 1.3100 with the loonie losing momentum
USD / CAD bounces from 1.3060 to hit session highs above 1.3100. The Canadian dollar retreats with oil prices falling. In the long term, the loonie is expected to be helped by the weakness of the USD – CitiBank. The U.S. dollar It has spiked higher during the North American trading session on Tuesday to […]
USD / CAD remains stuck in a tight range below 1.3100
USD / CAD is struggling to find direction on Tuesday. WTI is trading at modest losses as focus shifts to OPEC + meeting. The US Dollar Index remains under pressure ahead of US data. After closing the first day of the week in negative territory, the pair USD / CAD appears to have entered a […]
Technical setup remains in favor of bears
USD / CAD is looking to extend Monday’s slide. The bearish bias will remain intact as long as it moves below the 21-day SMA. The daily RSI is pointing down in the bearish territory. USD / CAD remains close to the previous day’s lows below the 1.3100 level during the European session on Tuesday, with […]
Attempts a bounce at 1.3100 after the rising wedge breakout
USD / CAD recovers above 1.31 amid a bullish crossover of moving averages. The pair has seen a breakout of the ascending wedge on the 1 hour chart. The 1.3127 level is likely to challenge the recovery. USD / CAD is attempting to rebound from a dip below 1.3100 as the bulls struggle to regain […]