USDCAD is facing resistance at 1.4700 area and Bears may strike back. USDCAD gained up to 900+ pips very impulsively in just a week.
Loonie keeps its strong position on lower US oil supplies. Meanwhile, ADS Securities' team of analysts predicts a Bullish USDCAD above 1.3360.
USDCAD pair has lost some steam due to higher oil prices. Nevertheless, ADS Securities' analysts forecast Bullish USDCAD above 1.3360.
ADS Securities' analysts see a USDCAD Key Resistance 1.3330, as the traders await the Canadian Manufacturing PMI figures from Markit due at 1:30 PM GMT.
Even though Canadian dollar has recovered some of its losses from the previous session, ADS Securities' analysts still see a Bearish USDCAD below 1.3355.
ADS Securities' analysts adopted a bullish stance on cable, after pair was falling for past two sessions. See important levels post USDCAD upside failure.
Cable turned bullish after US job sector has posted positive results yesterday. ADS Securities' analysts eye Bullish USDCAD levels post US data.
In the previous session, the CAD was supported by the rising oil prices. Today, ADS Securities analysis shows how did US Syria Missile Launch impact USDCAD.
How USDCAD trades ahead Housing Starts? ADS Securities' market analysts see a positive trend in the pair despite strong data-driven Canadian dollar.