USDCAD Selling Pressure Awaits a Validation From the Near-Term Support Line
This week, the United States dollar (USD) rose after the US dollar strengthened following the announcement of the initial durable goods data in November.
Can USDCAD Bulls Hold the Momentum at the Multi-Year High?
USDCAD appears to hold onto the gains made as the US dollar (USD) rises as traders expect the Fed to adopt a less dovish position.
Can USDCAD Aim Lower as the Price Reached the Crucial Supply Zone?
The USDCAD pair is trading close to its highest point since August 5 in the 1.3920–1.3925 range, and it appears ready to continue its current upward trajectory observed throughout the previous month or so.
USDCAD Found A Ground After The Shofter US Inflation: A Bullish Continaution Is Possible
After rebounding from the two-month low, the USDCAD pair currently trades with a corrective downward pressure. This decline is due to the June US inflation readings, which were softer than anticipated.
USDCAD Bears Could Resume From Stronger Crude Oil
The Canadian Dollar (CAD) provided a corrective price action against the US Dollar (USD) for a prolonged time. Also, the near-term price action suggests indecision, which might result in a stable trend formation after a valid breakout.
USDCAD Bears Are Active With A Solid Fundamental Background
Last Thursday marks the second consecutive day that the Canadian Dollar (CAD) has strengthened against the US Dollar (USD), propelled by an overall improvement in global risk appetite.
CAD Bulls Are Potent From Crude Oil Rebound: USDCAD Technical Analysis
On Wednesday, extensive selling pressure and immediate rebound were seen on the Canadian dollar (CAD) due to the price fluctuation in crude oil prices and a general trend towards the US Dollar (USD).
Is USDCAD A Buy After BoC Left The Rate Unchanged?
As expected, the Bank of Canada (BOC) leaves the overnight rate unchanged at 5.0%. Is USDCAD a Buy now?