The BOC raised rates again and sent the Canadian dollar shooting higher. And it may not be over just yet. Here are two views, both explaining why there is more room to the downside. Here is their view, courtesy of eFXnews: CAD: More Strength On The Cards As Market Will Start To Price-In Further BoC […]
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Dollar/CAD is trading under 1.24 ahead of the BOC decision. The team at TD sees a big air pocket on the way down. Here is their view, courtesy of eFXnews: TD FX Strategy Research notes that the focus this week for CAD traders shifts from data to policy, with the BoC meeting Wednesday. “We believe […]
The post USD/CAD: Air Pocket Into 1.2130 But Some Profit-Taking On Shorts First appeared first on Forex Crunch.
I am looking at the USDCAD pair. There are a few different factors that make me think it might be just before a turning point. First things first. The Daily chart is showing price being hesitant and hitting a support level at the same time. It looks like we might see a bounce back to […]
The post USDCAD Technical Analysis for September appeared first on Forex Crunch.
USD/CAD made another attempt at the lows but recovered quite swiftly. What’s next? Here is the view from TD: Here is their view, courtesy of eFXnews: D FX Strategy Research argues that the broad trend in the USD will set the tone in USD/CAD as the pair is undergoing a good recovery this week. “Based on a […]
The post CAD: Where To Target USD/CAD N-Term As It’s Starting To Reverse Higher – TD appeared first on Forex Crunch.
The Canadian dollar had a huge run, made a significant correction and now seems to lift its head once again. What’s next? Here is the view from CIBC: Here is their view, courtesy of eFXnews: CIBC FX Strategy Research argues that while USD/CAD could see another brief foray below 1.25, it’s unlikely to see a sustainable […]
The post USD/CAD: Could Make Another Brief Foray Below 1.25 But Unlikely Sustainable – CIBC appeared first on Forex Crunch.