The USD / CAD fell to a new multi-year low on Monday. WTI moves higher towards the $ 60 zone after a multi-day losing streak. The US dollar index is struggling to gain ground ahead of mid-level data. The USD / CAD pair fell to its lowest level since April 2018 at 1.2579, but registered..
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USD / CAD offsets early losses, posts modest gains around 1.2620
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USD / CAD: ready for downward movement as loonie anticipates global recovery
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USD / CAD crosses below 1.26 – ING
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Last week the CAD had a strong performance, in line with other pro-cyclical currencies. On the first day of the new week, bears attack the 1.2600 level. ING Bank economists expect the USD / CAD pair to slide below this bar. Key quotes Idiosyncratic factors are helping to put a floor under the Canadian dollar:..
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When technical and fundamental analysis agree
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USD / CAD Breaks to Three-Year Low, Support Friday Weak Canadian retail sales mattered less than 14-month high for WTI Commodity prices and demise of tech support undermine USD / CAD FXStreet Forecast Poll expects resistance to hold at 1.2550. Poor retail sales in December did not hurt the Canadian dollar, as West Texas Intermediate..
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200-HMA, two week old obstacle probe bulls below 1.2700
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USD / CAD maintains a bullish breakout of 100-HMA, attacks the immediate resistance of the range. A strong RSI suggests a further rise, with 1.2720 becoming the main obstacle. Weekly horizontal support restricts short-term seller entry. USD / CAD resumes offers around 1.2690 as it tries to extend yesterday’s bullish momentum during Wednesday’s initial Asian..
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USD / CAD posts modest losses near 1.2630, oil correction limits decline
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USD / CAD is fluctuating in a narrow range above 1.2600. The US dollar index continues to decline. WTI pulls back below $ 60, limiting CAD gains for now. USD / CAD lost nearly 60 pips on Monday and extended its slide during Tuesday’s Asian session to a new multi-week low of 1.2608. However, with..
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USD / CAD bounces back from multi-week lows and moves closer to mid-1.2600s
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USD / CAD staged a modest intraday rally near the 1.2600 mark. A sustained selling bias in the USD could prevent bullish traders from placing aggressive bets. Bullish crude oil prices should support the loonie and also work together to cap gains. USD / CAD built on its steady intraday rebound after nearly several week..
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Bear attack key supports above 1.2600
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USD / CAD remains under pressure near monthly low, struggles against three week support line, horizontal area since January 06. Yearly bottom adds a downward filter, MACD signals favor sellers. USD / CAD falls to 1.2635 during the last pullback from 1.2649 during Tuesday’s Asian session. In doing so, the loonie remains depressed near the..
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USD / CAD Falls Below 1.2650, Eyes Testing Multi-Year Lows Below 1.2600
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USD / CAD fell below 1.2650 to hit new monthly lows on Monday. The loonie is fueled by risk, strong crude oil prices and strong Canadian data. The loonie posted a strong performance on the first trading day of the week, boosted by strong crude oil prices, a risk globally linked to the tone of..
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Bears keep reins below 1.2740
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USD / CAD remains depressed below the confluence of key resistance in a bearish MACD. Multiple lows marked since early January limit the immediate drop. The two month downtrend line adds to the upward filters. USD / CAD holds lower ground near 1.2686 early in Asian morning Monday. In doing so, the loonie fails to..
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