Forecasts & Analysis | USD/CAD
USD/CAD Daily Price Forecast – Range Bound Action To Continue Amid Lack of Breakout Trigger
Higher oil prices and hopes for a US-Chinese trade deal keeps the pair range bound.
Gold And Silver Waiting For Major Bullish Breakouts
Bad data from the US helped the precious metals to climb higher and on both: Gold and Silver, we are very close to see major long-term buy signals.
USD/CAD Daily Price Forecast – USD Breached 1.33 Handle on Disappointing Canadian Macro Data
Disappointing macro data and crude oil price undermined Loonie bulls while strength of US Dollar in broad market helped stage solid upside move.
USD/CAD Daily Price Forecast – USD/CAD Trade Range Bound Above 1.32 Handle
Oil prices continue to underpin Loonie while Dollar is subdued owing to risk appetite resulting in range bound action.
USD/CAD Daily Price Forecast – Spike in Crude Oil Price Drags Price Action Below Mid 1.32 Handle
The Canadian dollar strengthened on the spike in crude oil price but strong dollar limited decline.
USD/CAD Daily Price Forecast – USD/CAD Range Bound Near 1.33 Handle
Dollar’s strength and crude oil price action controls price momentum.
USD/CAD Daily Price Forecast – Price Action Consolidates Near 1.35 Handle
Crude oil rebound helped Loonie gain strength and limit the US dollar’s upside move.
USDCAD Daily Price Forecast – US Dollar Aims For Stability Mid-1.32 Handle
Weak Crude oil continues to weigh on the loonie adding positive influence to already hawkish US Dollar.
USD/CAD Daily Price Forecast – Consolidative Action Continues For Second Consecutive Session
USD holds steady near its previous session gains but positive crude oil price supports Canadian Loonie preventing sharp upside move.
USD/CAD Daily Price Forecast – Strong USD In Broad Market Helped Recover Hold Above 1.31 Handle
Bullish oil prices continue to underpin Loonie limiting USD’s gains.