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CADJPY
Canadian Dollar Technical Analysis: Short-term CAD Weakness Anticipated–Setups for CAD/JPY, USD/CAD
While the BOC has turned more hawkish, other fundamental factors are working against the Canadian Dollar in the near-term. Volatility and weakness in oil prices coupled with a stretch of disappointing Canadian economic data are weighing on the Loonie. According to the IG Client Sentiment Index, USD/CAD rates have a bullish bias in the near-term.
2021-11-12
USD/CAD: Canadian Dollar Ripe for Breakout but GDP Data Looms
The Canadian Dollar sits in currency trader's crosshairs with the loonie looking geared up for a technical breakout. Friday's GDP data could potentially serve as the catalyst that fuels CAD's next move.
2019-08-29
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