Tag Archives: USDCAD

USD/CAD steadily climbs to daily high, up a little around 1.2775 amid modest USD strength

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 rally in oil prices could underpin the loonie and keep a lid on any further gains. The USD/CAD pair rebounds a few pips from the… Read More »

USD/CAD Price Analysis: Bears attack six-week-old support line near 1.2750

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 retracement level. USD/CAD bears keep reins for the third consecutive day around the lowest levels since June 10. That said, the Loonie pair refreshes its… Read More »

USD/CAD steadies around mid-1.2700s amid softer oil, DXY rebound ahead of US data

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 weigh on energy prices. Flash forecasts for August month Michigan Consumer Sentiment Index will be crucial for fresh impulse. USD/CAD dribbles inside a choppy range… Read More »

USD/CAD Price Analysis: Corrective pullback seeks validation from 1.2800

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 support recovery moves from the lowest levels since early June. USD/CAD grinds higher around the daily top as it pares the biggest daily slump since… Read More »

USD/CAD pares US inflation-led losses below 1.2800 despite firmer oil prices

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. US PPI, risk catalysts could entertain traders amid a light calendar. USD/CAD picks up bids to refresh intraday high near 1.2785 as traders lick US… Read More »