Canadian Dollar Price Chart: USD/CAD Breakdown Plummets into Support

The Canadian Dollar has already covered the entire August range after USD/CAD reversed sharply from key resistance last week. The decline is now testing initial support and while the US Dollar could see some near-term recovery, the broader outlook remains weighted to the downside. These are the updated targets and invalidation levels that matter on […]

USD/CAD: Canadian Dollar Ripe for Breakout but GDP Data Looms

CANADIAN DOLLAR PRICE OUTLOOK EYES Q2 GDP DATA Canadian Dollar overnight implied volatility readings jump noticeably as forex traders anticipate the potential for sizable swings in spot rates USDCAD looks ripe for a technical break and Canada GDP data due for release during Friday’s trading session, which will likely weigh on BOC monetary policy, could […]

Currency Volatility: Canadian Dollar at Risk as Canada CPI Eyed

CANADIAN DOLLAR, CURRENCY VOLATILITY, JULY CANADA INFLATION Canadian Dollar overnight implied volatility readings rise into the July Canada inflation report A disappointing Canada CPI data point could drag the Canadian Dollar lower if it accelerates BOC rate cut expectations Find out the Top Trading Mistakes made by forex traders and what it takes to avoid […]

Australian Dollar Outlook in USD, CAD. Canadian Dollar May Acquire?

AUD/USD, AUD/CAD Technical Forecast Build confidence in your own Australian Dollar trading strategy with the help of our free guide! AUD/USD Technical Outlook – Neutral The Australian Dollar spent this past week trying to recover against initial weakness versus the US Dollar. On the AUD/USD daily chart below, this has resulted in the reinforcement of […]
Canadian Dollar Outlook: USD/CAD Price Eying a Break of 1.3000 Handle

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