Tag Archives: CAD

Positive trades dominated the Canadian dollar’s movements after attempts to build on the main support floor located at 1.2300, to return to the bullish rebound, retesting the resistance level of the psychological barrier 1.2400. Technically, and by looking at the chart with a 60-minute chart, we notice that the price …

Canada’s hot wave of inflation and the recovering labour market are accelerating pressure on the Bank of Canada to hike interest rates ahead of schedule. Investors are eyeing a fiscal policy announcement this week for clues that the central bank is turning more hawkish. Led by Governor Tiff Macklem, the …

The pivotal support level mentioned in the previous analysis managed to limit the bearish tendency seen in CAD during the past week, to cap the bullish bounce within the expected technical outlook, through which we targeted a retest of 1.2380, recording a high of 1.2390. Technically, and by looking at …

The Canadian dollar was able to activate the idea of ​​retesting the resistance published during the previous analysis. We relied on intraday stability above the 1.2300 support level to raise risk appetite for an intraday rise towards our awaited target of 1.2375, recording the highest level at 1.2388. Technically, despite …

The Canadian dollar declined significantly, touching the required target for the second consecutive session at 1.2300, recording its lowest level during the Asian session’s trading of 1.2288 for the current session. Technically, despite the official bearish trend accompanied by the continuation of negative pressure from the simple moving averages, we …

The Canadian dollar touched the official target mentioned in the previous analysis, at 1.2310, recording its lowest level in the last session’s trading at 1.2310. Technically, the pair tried to achieve some bullish rebound as a result of taking advantage of the published support 1.2310 to retest 1.2380; we notice …

The strong resistance level at 1.2400 managed to cap the bullish bias yesterday, which forced the pair to trade negatively again, settling around its lowest level during the morning session, 1.2340. Technically, and with trading below the previously broken support-into-resistance at 1.2390, in addition to the continuation of the negative …

The Canadian dollar maintains the bearish path as expected, touching our awaited target during the previous trading session at 1.2365, recording its lowest level at 1.2350. Technically, with the stability of trading below the previously broken support-into-resistance at 1.2420, in addition to the continuation of the negative pressure coming from …

Negative trading dominated the movements of the Canadian dollar for several sessions in a row after it failed to settle above the 1.2500 resistance level, which forced the pair to settle below 1.2460. Technically, with the pair’s failure to maintain trading above 1.2460 and the negative pressure of the 50-day …

The Canadian dollar failed to confirm breaching the psychological resistance level of 1.2500, which we mentioned during the previous analysis. Instead, it represents the key to the beginning of a bullish bias, which forced the pair to trade negatively again, recording the lowest level at 1.2434. Technically, today, and carefully …