USD/CAD

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USD/CAD Forecast: BoC Interest Rate Decision Takes Spotlight

The Bank of Canada (BoC) interest rate decision may prop up USD/CAD as the central bank is anticipated to keep the benchmark interest rate on hold.

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By : David Song
Today 01:15 PM
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Gold outlook, copper, AUD/NZD, USD/CAD - Technical Tuesday

In this week’s report, we are getting technical on the gold outlook, as well as copper, AUD/NZD and USD/CAD outlook.

Forex trading

USD/CAD outlook: Currency pair of the week

Upcoming policy decisions from the BOC this week and Fed next, as well as key data releases should impact the USD/CAD outlook meaningfully...

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EUR/USD, AUD/USD and USD/CAD forecast – Forex Friday

In this week’s edition, we discuss the EUR/USD, AUD/USD and USD/CAD forecast and look forward to the macro events in the week ahead.

Research

USD/CAD outlook: US dollar drops as June hike bets trimmed

The sell-off has been trigged by broad US dollar weakness ahead of the US nonfarm jobs report on Friday. Consequently, the USD/CAD outlook has turned bearish, at least in the short-term anyway.

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June 1, 2023 12:00 PM

USD/CAD Rate Outlook Rests on Test of April High

USD/CAD may stage further attempts to test the April high (1.3668) as it snaps the series of lower highs and lows from last week.

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By : David Song
May 31, 2023 12:46 PM
Yen, Euros and dollar currency bills and notes

US Dollar Price Action Setups: EUR/USD, GBP/USD, USD/JPY, USD/CAD, Gold

The US Dollar has put in a big move over the past three weeks – but can it continue?

Bank notes of different currencies

US Dollar Price Action Setups: EUR/USD, GBP/USD, USD/CAD, USD/JPY

The US Dollar has continued to show strength and EUR/USD is testing a key spot of support at 1.0750. Can Dollar bulls continue to drive FX trends?

Market chart

USD/CAD Rate Climbs Above 50-Day SMA to Eye Monthly High

USD/CAD may continue to retrace the decline from the monthly high (1.3640) as it climbs back above the 50-Day SMA (1.3529).

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By : David Song
May 24, 2023 12:00 PM

Canadian Dollar Technical Forecast: USD/CAD Coil Bound to Break

The Canadian Dollar coil continues to tighten and while the momentum is lacking, the battle-lines are clear. Levels that matter on the USD/CAD weekly technical chart.

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Canadian dollar analysis: USD/CAD chops at 1.35, BOC pause to end?

With USD/CAD trading near the middle of this week’s range around 1.3500, short-term traders could consider quick trades within the symmetrical triangle pattern...

Close-up of market chart showing downtrend

USD/CAD recovery materializes amid failure to test April low

USD/CAD bounces back ahead of the April low (1.3301) after failing to extend the series lower highs and lows carried over from last week.

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By : David Song
May 11, 2023 03:04 PM

Canadian Dollar short-term outlook: USD/CAD moment of truth at yearly support

USD/CAD is testing critical support for the third time in four months with a weekly range breakout imminent. The levels that matter on the short-term technical charts.

Canadian dollar analysis: USD/CAD probing key support near 1.33

USD/CAD is probing its lowest level in months in the mid-1.3300s - will it break down?

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US Dollar Price Action Setups: EUR/USD, GBP/USD, USD/CAD, AUD/USD

It was a busy week in the headlines, but the US Dollar has stuck to its recent range, as did EUR/USD, even as GBP/USD tests a fresh breakout.

Gold nuggets

Gold outlook, USDCAD outlook: Two trades to watch

Gold eases ahead of the NFP, but remains in an uptrend. USDCAD falls ahead of jobs data.

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May 5, 2023 03:49 AM

USD/CAD reverses ahead of April high with monthly open in focus

The monthly opening range is in focus for USD/CAD as it appears to be reversing ahead of the April high (1.3668).

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By : David Song
May 4, 2023 03:06 PM

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Yen, Euros and dollar currency bills and notes

US Dollar Price Action Setups into NFP: EUR/USD, GBP/USD, USD/CAD

The US Dollar has continued in a range-bound fashion this week but notably, hasn’t yet taken-out double bottom support. But there remains some heavy headline risk on the docket for Friday trade.

Yen, Euros and dollar currency bills and notes

US Dollar Price Action Setups: EUR/USD, GBP/USD, USD/CAD, USD/JPY

The US Dollar is working on a doji formation on the weekly chart and next week brings a significant amount of headline risk with both the Fed and NFP on the docket.

Canadian Dollar technical forecast: USD/CAD coils within 2023 range

Canadian Dollar is on the defensive for a second week with USD/CAD building on a rebound off support. Levels that matter on the weekly technical chart heading into May.

Market chart

USD/CAD rallies ahead of US GDP report with March high on horizon

Data prints coming out of the US may keep USD/CAD afloat as the GDP report is anticipated to show sticky inflation.

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By : David Song
April 25, 2023 12:12 PM
Germany flag

EUR/USD forecast, USD/CAD forecast: Two trades to watch

EURUSD falls ahead of German business climate data. USD/CAD rises as oil prices slip and retail sales drop

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April 24, 2023 03:29 AM
Research

EUR/USD forecast, USD/CAD forecast: Two trades to watch

Could EUR/USD return to 1.10? USD/CAD looks to US jobless claims, Fed speak & BoC’s Macklem.

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April 20, 2023 03:17 AM