Tag Archives: USD/CAD

Canadian April Housing Starts Fell In April

USD/CAD” title=”USD/CAD” width=”800″ height=”458″ />For the 24 hours leading to 23:00 GMT, the USD declined 0.22% against the CAD to close at 1.0030.On a seasonally adjusted annual basis, housing starts in Canada dropped to a level of 174.9K units in … Continue reading

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Loonie Continues To Trade Lower In The Asian Session

USD/CAD” title=”USD/CAD” width=”520″ height=”474″ />For the 24 hours to 23:00 GMT, the USD rose 0.81% against the CAD to close at 1.0185.In the Asian session, at GMT0300, the pair is trading at 1.0193, with the USD trading marginally higher from … Continue reading

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USD/CAD: US Dollar Pushes Higher On Weak Canadian Retail Sales

The US dollar has not let go of its tight hold on its Canadian cousin, as USD/CAD punched through the 1.03 line in Wednesday’s European session. The greenback got some help as Canadian retail sales numbers fell below expectations. In … Continue reading

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Loonie Trading On The Positive Side This Morning

USD/CAD” title=”USD/CAD” width=”1758″ height=”808″ />On Friday, the USD declined 0.60% against the CAD to close at 1.0214. However, losses were capped as reports showed that Canada added the most jobs in a decade in May as well as recording a … Continue reading

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USD/CAD Stays In A Trading Range

The USD/CAD is staying in a trading range between 1.0286 and 1.0420. Key support is at 1.0286. As long as this level holds, the price action in the range is treated as consolidation of the uptrend from 1.0013. One more … Continue reading

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USD/CAD: Loonie Improves After Disappointing US Numbers

USD/CAD has moved lower in Thursday trading. The pair was trading close to the 1.03 line in the North American session. US numbers were dismal on Thursday, as Unemployment Claims shot higher and was way above the estimate. US Preliminary … Continue reading

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USD/CAD: Strong US Dollar Continues To Test 1.03 Level

USD/CAD remains at high levels, as the pair continues to flirt with the 1.03 line. In early North American trading, USD/CAD was trading in the high-1.02 range. The US dollar looked sharp on Friday, climbing close to one cent, as … Continue reading

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USD/CAD: Bullish Waves May Lift Prices To 1.0500

The USD/CAD reversed nicely, higher from the 1.0134 low where the double zig-zag appears complete. The reason is a sharp rise in the last two trading days, which clearly has personality of wave 3 of a new five wave rally. … Continue reading

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After Two Flags, USD/CAD Continues Its Way Up

The USD/CAD is continuing its upswing. On Tuesday, buyers managed to break tops from Monday and Friday. The recent mid-term bullish wave was interrupted by two flags. A flag is a trend continuation pattern, and this time did not provide … Continue reading

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Interesting Technical Picture On The USD/CAD Daily Chart

USD/CAD” width=”1357″ height=”837″ />An interesting technical picture is currently developing on the daily chart of the USD/CAD, following the recent sharp move lower for the pair after the failure to breach the 1.0400 level in late May. Since then, the … Continue reading

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