USD/CAD attracts some dip-buying on Friday amid a modest pickup in the USD demand. The prospects for additional Fed rate hikes, elevated US bond yields benefit the greenback. The recent …
USD/CAD steadily climbs to daily high, up a little around 1.2775 amid modest USD strength Read More
USD/CAD takes offers to refresh intraday low, prints three-day downtrend at two-month bottom. Oversold RSI conditions, short-term key support line challenge bears. Recovery remains elusive until staying below 61.8% Fibonacci …
USD/CAD Price Analysis: Bears attack six-week-old support line near 1.2750 Read More
USD/CAD treads water around the lowest levels in two months. Global markets jitter as Fed policymakers resist cheering easy inflation figures. OPEC, IEA oil demand forecasts join cautious mood to …
USD/CAD steadies around mid-1.2700s amid softer oil, DXY rebound ahead of US data Read More
USD/CAD bulls are lurking and the US dollar is firmer. Bulls need to commit to a break of 1.2780 and then 1.2790/00. As per the prior analysis, USD/CAD Price Analysis: Bulls …
USD/CAD Price Analysis: Bulls seeking a break of 1.2790/00 Read More
USD/CAD extended its losses for the second straight day as sellers eye a break of the 200-DMA. July’s US inflation reports show signs of peaking, with CPI at 9% YoY …
USD/CAD battles the 200-DMA after US PPI decelerates Read More
USD/CAD remains on the defensive near a two-month low touched on Wednesday. Hopes for a less aggressive Fed, the risk-on mood continues to weigh on the buck. An uptick in …
USD/CAD struggles near two-month low, seems vulnerable below 100-day SMA Read More USD/CAD prints mild gains as it consolidates the biggest daily fall in two-months. Six-week-old support line, 200-DMA challenged bears but 100-DMA guards recovery moves. Sluggish MACD, RSI (14) fail to …
USD/CAD Price Analysis: Corrective pullback seeks validation from 1.2800 Read More
USD/CAD bounces off two-month low as US dollar licks post-inflation wounds. Headlines surrounding China, Fedspeak favors DXY’s corrective pullback. WTI crude oil grinds higher ahead of OPEC, IEA demand forecasts. …
USD/CAD pares US inflation-led losses below 1.2800 despite firmer oil prices Read More
USD/CAD bulls have started to move in for the kill. A phase of accumulation could be playing out in the lower time frames. USD/CAD has stalled in the sell-off which …
USD/CAD Price Analysis: Bulls could be about to clean up Read More USD/CAD plummets after hitting a daily high near the 1.2900 mark. July’s US Consumer Price Index (CPI) slows to 0% MoM. Despite US inflation data, ING Analysts expect the Fed …
USD/CAD plunges and refreshes 2-month lows as US inflation cools down Read More