Tag Archives: CAD

The Canadian dollar was little changed against its US counterpart on Thursday but was on track for a steep quarterly decline, as equity markets globally fell and preliminary domestic data showed the economy contracting in May.Stocks sank and the safe-haven US dollar surged against a basket of major currencies, as …

The Canadian dollar benefited from the strong support floor published during the previous analysis, located at the price of 1.2840, which was the target to be touched, to force the pair to maintain the bullish path to retest the resistance of the psychological barrier of 1.2900. Technically, and by looking …

The Canadian dollar strengthens 0.3% against its American counterpart on Tuesday. The CAD has touched its strongest level since June 13 at 1.2820.Easing COVID-linked restrictions in China boosted the investors’ sentiment. Global shares were higher and the price of oil, one of Canada’s major exports, rose following China’s decision to …

Canadian Dollar witnessed Noticeable declines during the previous trading session within the expected bearish technical outlook, surpassing the first bearish target required to be touched at 1.2920, heading to visit the second target of 1.2885, recording its lowest level yesterday at 1.2855. Technically, we tend to the negativity, relying on …

The Bank of Canada has been slammed by critics after misjudging inflation and locking itself into rigid forward guidance that prevented it from reacting swiftly as prices surged and Canada’s economy began to overheat.THE Canadian dollar dips 0.1% against the US dollar. Flash estimate shows factory sales falling 2.5% in …

The technical outlook is unchanged and the movements of the Canadian dollar did not change much, maintaining the negative stability below the resistance level of the psychological barrier of 1.3000. Technically, by looking at the 240-minute chart, the pair is still stable below the resistance level of the psychological barrier …

The Canadian dollar presented positive movements yesterday within a narrow ascending path, building on the support level of 1.2920, and it recorded the highest level at 1.2986. Technically and carefully looking at the 240-minute chart, the pair is still stable below the resistance level of the psychological barrier of 1.3000. …

The monthly data published by Statistics Canada showed on Tuesday that Retail Sales in Canada rose by 0.9% in April to C$60.72 billion. This print came in better than the market expectation for an increase of 0.8% and followed March’s expansion of 0.2% (revised from 0%). The publication further revealed …

The movements of the Canadian dollar witnessed several consecutive sessions of ascending to find the pair collided with the resistance level of the psychological barrier 1.3000, which pressures the current intraday movements to the downside. From the technical analysis point of view today, and with a closer look at the …

Positive attempts by the Canadian dollar to maintain positive stability after it built a strong support level at 1.2885 within a gradual ascent to the upside. Technically, we tend to the positivity, relying on the positive motive coming from the 50-day simple moving average, which continues to hold the price …