By: Dima Chernovolov USD/CAD continues fall inside the daily Down Channel chart pattern, which was previously identified by Autochartist. Autochartist rates the quality of Down Channel at the 3-bar level – whic...
By: Dima Chernovolov USD/CAD continues to rise inside hourly Down Channel chart pattern, which was earlier identified by Autochartist. Autochartist rates the quality of this Down Channel at the 5-bar level – wh...
USD/CAD drifts back into the bearish territory amid the prevalent USD selling bias. A goodish pickup in oil prices underpinned the loonie and exerted some pressure. The USD failed to benefit from rallying US bo...
USD/CAD remained depressed through the early North American session on Friday. Stellar NFP report lifted the USD, albeit did little to provide any respite to the pair. Rallying oil prices, upbeat Canadian jobs ...
USD/CAD once again defends 200-DMA and stages a goodish intraday bounce. Worsening US-China relations extended some support to the safe-haven USD. Weaker oil prices undermined the loonie and remained supportive...
A broad-based USD weakness prompted some fresh selling around USD/CAD pair. Friday’s US/Canadian macro releases did little to provide any meaningful impetus. The key focus remains on Trump’s reaction to China’s...
Canadian GDP overview Friday’s economic docket highlights the release of monthly Canadian GDP growth figures for March, scheduled to be published at 12:30 GMT. Statistics Canada will also release the annu...
By: Dima Chernovolov USD/CAD continues to rise inside the 30-minute Down Channel chart pattern which was previously identified by Autochartist. Autochartist rates the quality of this Down Channel at the 8-bar l...
USD/CAD turns positive for the fourth consecutive session on Thursday. The set-up supports prospects for a move back towards 1.4160-70 area. The USD/CAD pair reversed an early dip to the 1.4070 region and turn...
USD/CAD lacked any firm directional bias and remained confined in a range. Fading odds of negative Fed rates and the risk-off mood benefitted the USD. A goodish pickup in oil prices underpinned the loonie and c...
