The Canadian Dollar (CAD) rose on Tuesday against major currencies on Tuesday, supported by the rise of crude oil prices to their highest level in a bout to a year. Today, the CAD topped the G10 currencies performance against the U.S. Dollar (USD). The CAD is up against its U.S. …
Read More »Canadian Dollar: Corrective Bullish Rally Intact
The technical outlook remains unchanged, and the pair’s movements have not changed significantly, preserving positive stability. Technically, we find the pair maintains positive stability above the support floor of 1.2710 supported by the stochastic obtaining signs of a positive crossover, coinciding with the positive stimulus coming from the simple moving …
Read More »Canadian Dollar: Corrective Bullish Rally Intact
The Canadian dollar succeeded in touching the target of the upside correction mentioned in the previous analysis, located at 1.2880, to record it’s high at 1.2875. Technically speaking, we find that the pair maintains positive stability above the support floor of 1.2710 supported by the stochastic obtaining signs of a …
Read More »Canadian Dollar Touches The Target of Bullish Correction
Positive trading dominated the Canadian dollar within the bullish technical correction, as we mentioned during the previous analysis, touching the aforementioned first correction target of 1.2830, recording its highest level during early trading for the current session 1.2836. Technically speaking, and with the pair’s success in stabilizing, intraday, above the …
Read More »Canadian Dollar Continues The Bullish Correction
The technical outlook remains unchanged, and the pair’s moves have not changed little, maintaining the positive stability in attempts to complete the upward correction. In terms of technical analysis today, the pair continues to get a positive stimulus from the 50-day moving average, in addition to holding above 1.2700. Therefore, …
Read More »Canadian Dollar Complete Bullish Correction
Positive trading dominated the moves of the Canadian dollar, to complete the minor bullish correction that had previously taken place, benefiting from building on the support floor of 1.2700. From a technical analysis angle, the pair continues to get a positive stimulus from the 50-day moving average, in addition to …
Read More »Canadian Dollar Retesting Support
The Canadian dollar was able to trade positively during the previous session within the expected bullish path, touching the target of bullish correction, as we expected at 1.2730. Technically speaking, the current movements are witnessing a slight bearish bias, as a result of the stochastic entering the intraday overbought phase. …
Read More »Canadian Dollar Retesting Resistance
The Canadian dollar starts its daily trading on a slight bullish bias after benefiting from the support level of 1.2570, to trade near its highest level during the morning session at a price of 1.2674. Technically, and with a closer look at the 60-minute chart, we find the 50-day moving …
Read More »Canadian Dollar Slowly Moving Towards Goals
The Canadian dollar declined significantly within the bearish trend, as we expected, pointing out during the previous analysis that a break of 1.2680 will extend the pair’s losses, targeting 1.2620, a next official station, for the pair to record its lowest price at 1.2605. Technically, the negative aspects are still …
Read More »USD/CAD Declines Following BoC’s Policy Decision
The U.S. Dollar (USD) declined on Wednesday against its Canadian counterpart (CAD), following the release of the Bank of Canada’s (BoC) policy statement. In its meeting earlier today, the BoC decided to maintain its main rate unchanged at 0.25% and to keep the current pace of bond purchases at CAD …
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