USD/CAD Price Forecast: Holds gains near 1.4000, bullish signals support upside
US front-end rates have taken over as the dominant short-term driver for USD/CAD, with the price now testing a level that may.
Canadian Dollar remains under pressure as USD/CAD flirts with 1.4000
1.4000 within reach: USD/CAD consolidates gains after Fed's hawkish hike
USD/CAD is back at a familiar inflection point after rebounding sharply from key support last week. The recovery has carried price into the upper end of the September range, where buyers will need to prove they can sustain the advance and force a more meaningful shift in the technical picture.
Oil prices have been above the $100 mark for days, yet the Canadian dollar is on a five-day losing streak against the USD. What's going on?
USD/CAD Price Forecast: Eyes 1.3950 near ascending channel top
USD/CAD Price Forecast: Tests 50-day EMA barrier amid potential bullish breakout
USD/CAD Price Forecast: Buyers challenge 100-day SMA after double-bottom formation
Recent trading sessions have not been particularly favorable for the Canadian dollar. USD/CAD has now recorded four consecutive bullish sessions, accumulating gains of more than 1.00% in favor of the U.S. dollar.
USD/CAD Price Forecast: US Dollar gains momentum and targets 1.3940 area
Summary:USD/CAD rose toward 1.3870 on Friday, extending its advance for a third consecutive session as the Canadian Dollar weakened alongside falling oil prices. US CPI inflation held at 3.4% year over year in August, while monthly core CPI rose a stronger-than-expected 0.3%.