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.
Canadian Dollar Outlook: USD/CAD Turns to Canada Jobs Data
The Canadian Dollar is ripe for heightened forex price action surrounding the July Canada jobs report due for release during Friday's trading session - here's what you should know.
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 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.
Canadian Dollar Price Outlook: USDCAD Retrace to Key Chart Resistance
USDCAD had a brutal start to the month of June, but over the past week shown continued signs of recovery. But bearish potential may still remain on a bigger-picture basis.
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.
Canadian Dollar Price Outlook: USD/CAD Rally to Resistance Before BoC
USDCAD has made a trip back to range resistance ahead of the Bank of Canada's interest rate decision on the calendar for tomorrow.
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 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%.
