Tag Archives: CAD

The Canadian dollar has experienced a significant decline, with the International Merchandise Trade and building permits falling more than anticipated. The recovery of the crude oil market is limiting the support of the Canadian currency. The Canadian dollar reached a new low for the week on Tuesday, with markets retreating …

The Canadian dollar continues to exhibit an upward trend, in line with the anticipated bullish context outlined in the previous technical report. The pair successfully established a base around the support level of 1.3320. In terms of technical analysis, a closer examination of the 4-hour time frame chart reveals ongoing …

The Canadian dollar fell to a new low against the US dollar on Friday, but then surged to a three-day high after a strong US Nonfarm Payrolls report crushed market forecasts. Canada’s labour market added fewer jobs than expected, but persistent wage growth accelerated to a two-year high. US Nonfarm …

The US dollar is still seen favourably at the start of the new trading year. Asian markets should closely monitor the Chinese schedule going forward, since Caixin Services and Composite PMIs are due on that calendar. While there is nothing planned in Oz for Thursday, the final Manufacturing PMI watched …

The Canadian dollar exhibited an upward trend, in line with expectations mentioned in the previous technical report, reaching the official target station at the price of 1.3320 and recording its highest level at 1.3340. From a technical analysis perspective today, upon closer examination of the 4-hour time frame chart, it …

Following several consecutive sessions of decline, the Canadian dollar has discovered a robust support base around 1.3180. Benefiting from this foundation, it is now making efforts to initiate a bullish rebound to the upside. From a technical analysis perspective today, a closer examination of the 4-hour time frame chart reveals …

The Canadian dollar successfully reached the initially targeted level at 1.3540, establishing a robust support base that propelled the pair towards an upward rebound, testing the formidable resistance level at 1.3620. From a technical standpoint today, our trading sentiment leans towards positivity, underpinned by the price’s consolidation above the aforementioned …

The Canadian dollar encountered a robust resistance level around 1.2620 and struggled to maintain positive stability above the psychological barrier of 1.2600. This led to a shift in sentiment, resulting in negative trades, with the pair currently trading around 1.3558. In terms of technical analysis today, the simple moving averages …

The Canadian dollar exhibited a notable upward momentum, aligning with the anticipated positive outlook and reaching the initial target specified in the previous technical report at the price of 1.2625. The pair achieved its highest level at 1.3620. Upon closer examination of the 4-hour chart from a technical perspective, the …

In the aftermath of our previous technical report, the Canadian dollar achieved the initial target at 1.3585, reaching its highest point at 1.3594. Today’s technical analysis, focused on the 4-hour time frame chart, reveals momentary negative movements attributed to the looming resistance of the psychological barrier at 1.3600. This level …