USD/CAD Price Forecast: Trades near 1.3850 after breaking above nine-day EMA
USD/CAD sellers eye a break below 1.3770 on potential CPI miss
USD/CAD Price Forecast: Wobbles around 1.3800 ahead of US PPI data
Over recent trading sessions, a growing sense of indecision has once again become evident around USD/CAD price action. For now, average movements over the last four trading sessions have failed to establish a clear directional bias, with daily fluctuations remaining close to 0.2%, a relatively modest figure compared to the moves above 0.6% observed last week.
USD/CAD Price Forecast: Remains below 1.3800 as bearish bias prevails
USDCAD losing momentum The Canadian dollar (USDCAD) continues to gain over the greenback after pushing past the 1.3800 level. The pair looks to move away from its recent top around 1.3940.
TL;DR: The US-Canada trade dispute has escalated from tariffs to import bans and procurement exclusions, yet USD/CAD is sitting near 1.38 rather than breaking sharply higher — because the new measures are economically modest and well-telegraphed, while Brent near $100 is giving the Canadian Dollar a far larger, more immediate counterweight.
USD/CAD Price Forecast: Surging oil prices lift Canadian Dollar
EUR/USD falls toward 1.1585 after stronger-than-anticipated US jobs data, while USD/JPY tests a major swing low. USD/CAD surges as weak Canadian employment reinforces the bullish technical outlook.
USD/CAD Price Forecast: 100-day EMA remains key hurdle
The trading week continues to be particularly relevant for the strength currently being displayed by the Canadian dollar. Over the last two trading sessions, USD/CAD has declined by approximately 0.7%, once again highlighting a bearish bias in favor of the Canadian currency.
USD/CAD price outlook: US Dollar/Canadian Dollar navigating between Arc levels