Stay in step with market opportunities and get insights, actionable trade ideas and dedicated support.
Canadian Dollar Technical Analysis: USD/CAD Sinks After Failed Breakout
USD/CAD set a fresh yearly high on the first day of November, and the picture is quite a bit different today as that breakout has, so far, failed.
Canadian Dollar Outlook: USD/CAD Breakout Sets Up for Pullback
USD/CAD has been one of the stronger major pairs during the recent theme of US Dollar strength and after setting another fresh two-month-high this morning, the pair appears to be setting the stage for a pullback. Bulls have fiercely defended 1.3500 since the break – can they continue to hold the big figure?
Canadian Dollar Outlook: USD/CAD Breakout Barges Through 1.3500
The US Dollar has been in a strong bullish move over the past month but that’s been expressed well in USD/CAD, where USD strength has been matched with CAD weakness. USD/CAD tested a fresh two-month-high this morning while testing above a key psychological level at 1.3500. Can bulls hold the trend with higher low support at prior resistance?
Why trade with FOREX.com?
Tight spreads on FX – as low as 0.0 for EUR/USD (plus a low $7 commission per 100k USD traded) with our RAW pricing account.*
Award-winning platforms with fast and reliable execution.
*During times of high volatility and/or low liquidity, spreads may be higher than the typical and as low as spreads published on the website.
Canadian Dollar Technical Analysis: USD/CAD, EUR/CAD, CAD/JPY
USD/CAD extended a bullish breakout this week while starting re-test of the 1.3500 psychological level. Bulls held the move despite US CPI coming in below expectations and CAD/JPY retains breakout potential given an ascending triangle formation. EUR/CAD on the other hand may offer some pullback potential given a hold at a key Fibonacci level of resistance.
USD/CAD Technical Analysis: CAD Breakdown Pulls Back, US CPI in Focus
USD/CAD spent more than a month building longer-term support above the 1.3100 handle and started August with a strong topside breakout that’s finally started to pullback. Tomorrow’s US CPI print looms large as this is the next major macro driver for the USD. Will USD/CAD bulls be able to continue the trend?
Gold Prices Bounce from 1900 as USD/CAD Shows Signs of Reversal
USD/CAD broke out of a falling wedge formation earlier in the week, and spot Gold is working on a morning star formation which could open the door to a deeper pullback move if bulls can hold the line.
Canadian Dollar Price Analysis: USD/CAD Breaks Out from Falling Wedge
USD/CAD is bouncing from range support while breaking out of a shorter-term falling wedge pattern. Can bulls hold higher-low support to continue the move?
Canadian dollar analysis: USD/CAD knocking on key 1.3605 support
USD/CAD is forming a potential descending triangle pattern into 1.3650 support ahead of key data tomorrow.
US CPI preview: Fed rate expectations dive, USD/CAD tests 1.37
In the wake of the implosion of SVB, traders are dialing down their expectations for Fed hawkishness next week...
USD/CAD: Ascending Triangle, Fibonacci Resistance
USD/CAD is showing bullish breakout potential ahead of a busy economic calendar with the Bank of Canada on the calendar for tomorrow.
Will USD/CAD break key resistance at 1.35 after soft Canadian CPI?
The just-released Consumer Price Index (CPI) in Canada rose 5.9% year-over-year in January...what does that mean for USD/CAD?
BOC Governor Macklem sticks to the script, USD/CAD consolidates
The bank's latest forecast shows the annual rate of inflation slowing to around 3% by the middle of 2023, and reaching 2.5% by the fourth quarter.
Market pricing and economists favour a 25bp hike from the BOC tomorrow
Market pricing and the consensus among economists firmly points towards a 25bp hike from the BOC tomorrow.
What is a fiat currency? Everything you need to know about the classic monetary asset
A fiat currency is any monetary instrument backed by a national government. Learn how fiat currencies operate and how they compare to other types of money.
USD/CAD: A tale of two labor markets
Traders are still digesting last week’s US jobs report, but one thing is clear: The US labor market is outperforming Canada’s...
Technical view: CAD/JPY’s rally is lagging…are we seeing a reversal?
Fundamental trends show no imminent signs of reversing, but CAD/JPY’s chart nonetheless suggests that there may be an opportunity for one or both of these currencies to reverse some of this year’s moves.
Don’t sleep on USD/CAD’s consolidation at 1.25! The key levels to watch this week
Friday’s Canadian jobs report will be worth watching - see why!
Risk-free trading with virtual funds
Try our award-winning platform.
Hone your skills and trading strategies.
Trade Forex, Gold & Silver, and Futures.
Two trades to watch: USD/CAD, Gold
USDCAD battles hawkish Fed & higher oil prices. Gold could come under pressure as Fed Powell talks hikes.
Weekly COT report: Divergences form between FX prices and trader positioning
As the data was compiled ahead of the FOMC meeting its likely there are some distortions in this week’s speculative positioning report.
Canadian CPI at 30-year highs, USD/CAD bears remain in control
Canada’s annual inflation rate just rose to 4.8%, its highest level since 1991 - how will that impact USD/CAD?
Bank of Canada meeting preview: BOC inching closer to rate hikes
We expect the BOC to reiterate that the Canadian economy is on track for a full recovery next year, and that an interest rate hike cycle could begin as soon as H1...
EUR/CAD: Lopsided short positioning may hint at a bullish reversal
When a market is seeing lopsided short positioning in deeply oversold territory after an historic collapse, the risks of an abrupt trend change start to rise...
Canadian election: Liberals fail to secure majority: USD/CAD; AUD/CAD
Trudeau’s efforts to secure a majority went unnoticed as voters kept things the same