USDCAD traded with a mild negative bias through the early European session on Friday and is currently placed around the 1.3220-15 region.
The US dollar index gains slightly even as investors placed their bets that the Federal Reserve will cut interest rates two times this year.
The U.S dollar declined slightly all across the board on Tuesday. However, the USDCAD Short term Technical Analysis gives the updated view of the pair
A break above 1.2660 level can possibly push USDCAD much higher, probably towards 1.2770 zone as the following
US dollar index posted modest gains at the start of the week and was seen trading at 92.91. Lets now focus on the 28 November USDCAD Fundamental Outlook.
On the fundamental outlook, the Loonie yet again bounced from the 1.2387 zone and, as a possible anticipation for this week’s positively forecasted U.S data, has been rising. However when looking at the technical...
Bears finally broke the 3 month lasted consolidation. USDCAD bears got in action after BOC hawkish view
USDCAD 22nd of April - On the 1hr time-frame, We see a channel forming and has broken the channel and we are waiting for more clarity right now on this currency pair.
Following a more dovish than expected ECB press conference, see Barclays post ECB technical setups for EURUSD, GBPUSD, USDCHF, AUDUSD, NZDUSD, and USDCAD