Canadian Dollar Forecast: USD/CAD Reverses Ahead of August Low
USD/CAD reverses ahead of the August low (1.3722) to stage a four-day rally.
David Song
Strategist (Former)
Expertise: Macroeconomics, Technical Analysis
Trading Style: Fundamental and Technical
Time Frame: Medium-Term (2 Days to 2 Weeks)
Type: Trend/Swing
Experience:
- 15+ years of trading FX while providing research on commodities & equity indices
- Studied macroeconomic policies under a visiting scholar at the Federal Reserve Bank of St. Louis while gaining a strong understanding of technical analysis from a former-president of the Market Technicians Association
- Presented at numerous trader expos and conferences in Las Vegas, South Korea, Australia and New York
- Cited by numerous financial publications including Reuters, AFP, CNBC, Bloomberg, Market Watch and WSJ
Education:
- Bachelor of Business Administration degree in finance from Zicklin School of Business at Baruch College
Meet our research team
Articles by David Song
British Pound Forecast: GBP/USD Rebound Stalls Ahead of US NFP Report
GBP/USD gives back the rebound from the weekly low (1.3334) as the ISM Services index climbs to 52.0 in August from 50.1 the month prior.
US Non Farm Payrolls (NFP) Report Preview (AUG 2025)
The US is expected to add 75K jobs in August, while the Unemployment Rate is seen widening to 4.3% from 4.2% during the same period.
US Dollar Forecast: USD/JPY Defends Rebound from August Low
USD/JPY seems to be defending the rebound from the August low (146.22) as it climbs to a fresh weekly high (149.14).
US Dollar Forecast: EUR/USD Pulls Back Ahead of August High
EUR/USD pulls back ahead of the August high (1.1743) to register a fresh weekly low (1.1613).
Canadian Dollar Forecast: USD/CAD Eyes Monthly Low Ahead of US PCE
USD/CAD falls toward the monthly low (1.3722) as it gives back the rebound from earlier this week.
Australian Dollar Forecast: AUD/USD Defends Rebound from Monthly Low
AUD/USD seems to be defending the rebound from the monthly low (0.6415) as it retraces the decline from earlier this week.
Gold Price Bounces Back Ahead of August Low
The price of gold bounces back ahead of the monthly low ($3282) to trade back above the 50-Day SMA ($3347).
GBP/USD Defends Fed Symposium Rally
GBP/USD seems to be defending the rally following the Fed Symposium as it retraces the decline from the start of the week.
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