USDCAD

USD/CAD bounces higher after some strengthening on Friday following a stronger than expected Canadian jobs report. Technically, the price has moved into the swing zone between 1.3784 and 1.38036 (see red numbered circles on the chart…

USD/CAD has been trending higher since bottoming on October 2 near 1.3472. Momentum over the past eight trading days has pushed the price to a high of 1.37826. Taking that price to the bottom of the next targeted swing zone between 1.3784…

The US dollar has risen against the Canadian dollar over the past week, with the pair rising nearly 300 pips in one week of trading. This is a big move in a short period of time as the market is heading towards the upside. For a basic look…

The USD/CAD continues to move upward after reaching last Wednesday's bottom near 1.3472. Since then, the price has risen for five consecutive days, reaching its highest level at 1.3660 in today's trading.In the process today, the price was…

As the week comes to a close, it is important to take a look at the USDCAD currency pair with an eye to the week ahead. This week, price action became more volatile on Wednesday thanks to the FOMC decision on interest rates. The initial…

USD/CAD closed the week at 1.3558. The current price is slightly higher at 1.3580. The high for the week was 1.3622 on Wednesday. This move took the price above a swing high at 1.36188, but it quickly pulled back down. The high was capped…

The USD/CAD pair is finding buyers against its rising 100-hour moving average at 1.35756 (see the rising blue line on the chart below). Staying above this moving average will give buyers more control. The 200-day moving average at 1.35889…

Basic OverviewThe US dollar came under further pressure last week as a series of weak US data pushed Treasury yields lower. However, Friday’s non-farm payrolls report was not bad, on the contrary, the data under the hood was better than the…

The US and Canadian jobs report is due out today. In the US, the market breathed a sigh of relief as the numbers weren’t as weak as they were last month. The unemployment rate fell to 4.2% from 4.3%. In Canada, the unemployment rate rose to…

The USD/CAD pair has moved to a new high and reached the next technical target at 1.35535 (see, concepts are missing for months). The price has not been above this moving average since August 7, almost a month ago. A break above this level…