Tag Archives: CAD

The technical outlook remains unchanged, and the pair’s movements have not changed little to keep the bearish path after finding a strong resistance level near 1.3065 / 1.3070. Technically Speaking, and with a closer look at the 60-minute chart, we find there are limited positive attempts from the RSI, and …

The Canadian Dollar (CAD) declined against the US Dollar (USD) on Tuesday, after rising on Monday to its highest level in about two years, before recovering some of its earlier losses. The USD/CAD pair is trading lower for by 0.02% at 1.3004. The pair has been moving in a range …

The negative moves dominated the currency pair, as we expected yesterday, to touch the second target to be achieved at 1.2945, posting a low of 1.2928. Technically, looking at the 60-minute chart, we find limited positive attempts from the RSI, on the other hand, we find the stochastic is still …

The Canadian dollar retreated after it failed to maintain above the support level of 1.3080, as the current moves witness a bearish bias around the 1.3000 barrier. Technically, looking at the chart, we will tend to be negative depending on the regularity of the movement within the descending price channel …

The Canadian Dollar (CAD) reaffirmed its gains against the US Dollar (USD) on Friday, rising to its best level since the beginning of September. This comes despite employment data in Canada coming below expectations. The USD/CAD is trading lower for the day by 0.09% at 1.3033. The pair earlier reached …

The Canadian Dollar (CAD) rose against its US counterpart (USD) on Thursday to its highest level in eight weeks. This comes as the USD declined across the board amid the continued uncertainty surrounding the outcomes of the presidential elections. The CAD is up by 0.56% against the USD, with the …

The positivity dominated the Canadian dollar’s movements after it managed in building a strong base at 1.3240. Technically, we find that the 50-day moving average is holding the price, with the RSI above its mid-line on short intervals. We think that there is a possibility to continue the upside, and …

The Canadian dollar was trading in a positive range after it succeeded in confirming the breach of the 1.3330 resistance level, to consolidate its gains near the psychological barrier of 1.3400. Technically, we believe that the continuation of the rally is intact, given the positive stimulus from the 50-day moving …

The Canadian Dollar (CAD) declined on Thursday against its US counterpart (USD) to its lowest level in about a month. This comes as the USD is recovering across the board, while the CAD remains hit by the falling oil prices. The USD/CAD is trading higher for the day by 0.24% …

The pair succeeded in achieving the expected positive outlook, and touched the target published in the previous analysis at 1.3300, to hit a high of 1.3335. Technically, looking at the 60-minute chart, we see the RSI indicator starting to lose bullish momentum with the stochastic entering overbought areas. We think …