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.
Following a more dovish than expected ECB press conference, see Barclays post ECB technical setups for EURUSD, GBPUSD, USDCHF, AUDUSD, NZDUSD, and USDCAD
Yesterday, the Euro remained mixed. Against the dollar, today we expect a EURUSD bearish continuation . While it is expected to strengthen against the yen.
A trend of Bearish USDCAD below 1.3285 was noticed today by the team of analysts at ADS Securities. What has caused the brokerage to stay bearish on Loonie?
it appears that a short term rally may be in the offing. USDCAD Harmonic Analysis will show the possible targets before the sell-off continues.
The Canadian dollar clawed back some of its recent declines on Thursday. A brief summary is provided in the 3 November USDCAD Fundamental Drivers Analysis.
The 7 November USDCAD Fundamental Drivers Analysis focuses on the developments that are driving the market movements of this pair today.
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