USDCAD Rebound to Benefit from Sticky US Consumer Price Index (CPI)
Updates to the US Consumer Price Index (CPI) may keep USDCAD afloat as the figures are anticipated to highlight sticky inflation.
USDCAD Forecast: RSI Snaps Bullish Formation Following BoC Meeting
Recent developments in the Relative Strength Index (RSI) foreshadow a further decline in USDCAD as the indicator snaps the bullish formation carried over from July.
USDCAD Rebound Unravels Ahead of Fed Symposium Amid Sticky Canada CPI
USDCAD pullbacks ahead of the Fed Economic Symposium as Canadas Consumer Price Index (CPI) comes in stronger-than-expected in July.
USDCAD Rate Carves Lower Highs and Lows Ahead of Fed Rate Decision
USDCAD initiates a fresh series of lower highs and lows, with the exchange rate at risk for a further decline as the Federal Reserve is expected to deliver a rate cut.
USDCAD Rate May Rise Further After Monthly Opening Range Break
Current market conditions may fuel a larger rebound in USDCAD as the exchange rate clears the opening range for July.
USDCAD Rate Rebound to Face Wait-and-See BoC Policy
USDCAD may stage a larger rebound ahead of the Bank of Canada (BoC) meeting on July 10 as the exchange rate snaps the series of lower highs and lows from last week.
USDCAD Rate Searches for Support, RSI Flirts with Oversold Territory
USDCAD may continue to exhibit a bearish behavior over the remainder of the week as the Relative Strength Index (RSI) flirts with oversold territory.
USDCAD Rate Eyes Monthly Low as FOMC Adjusts Interest Rate Forecast
USDCAD appears to be on track to test the monthly-low (1.3238) following the Federal Reserve meeting as the exchange rate initiates a series of lower highs and lows.
USDCAD Rate Rebound Fizzles Ahead of US Retail Sales Report
The rebound in USDCAD appears to be stalling ahead of the US Retail Sales report as the exchange rate fails to extend the recent series of higher highs and lows.
USDCAD Rate Eyes April-Low Ahead of NFP, Canada Employment Report
USDCAD continues to give back advance from the April-low (1.3274) ahead of the NFP report as Federal Reserve officials change their tune.
USDCAD Breakout Stalls Ahead of US NFP Report as GDP Fails to Impress
USD/CAD may continue to consolidate ahead of the U.S. Non-Farm Payrolls (NFP) report on tap for May 3 as it snaps the series of higher highs & lows from earlier this week.
USDCAD Rate Risks Near-Term Breakout on Dovish Bank of Canada (BoC)
The Bank of Canada (BoC) meeting may fuel the recent advance in USD/CAD as the central bank is widely anticipated to keep the benchmark interest rate at 1.75% in April.
USD/CAD Outlook Mired Ahead of Canada Employment by Bearish RSI Signal
The USD/CAD exchange rate is clouded with mixed signals ahead of Canadas Employment report as the RSI snaps the bullish formation from earlier this year.
USD/CAD Rate Forecast: Post-FOMC Advance at Risk on Sticky Canada CPI
Updates to Canadas Consumer Price Index (CPI) may curb the recent advance in USD/CAD as the headline reading for inflation is expected to hold steady at 1.4%.
