Usd to cad live forex: US Dollar Price Outlook in EUR/USD, GBP/USD and USD/CAD

The big item on this week’s macro calendar was the Bank of Canada rate decision on Wednesday. And while the pair avoided making any definite proclamations, the dovish tone from that rate decision helped to bring in CAD-weakness and the USDCAD pair made a topside push above the 1.3521 level that had previously functioned as the four-month-high. Near-term resistance has shown from an interesting level, taken from a batch of higher-lows that had set-in shortly after the January open. This was looked at on Tuesday as target potential for topside breakouts in USDCAD ; and with this being a very clear area for buyers to have started taking profits, the door can remain open to themes of bullish continuation – particularly should near-term price action remain above the 1.3480 level that had previously helped to demarcate resistance within the month-long range formation.

3 thoughts on “Usd to cad live forex: US Dollar Price Outlook in EUR/USD, GBP/USD and USD/CAD”

  1. Thanks for shaing this information.Have shared this link with others keep posting such information..

  2. Youre so cool! I dont suppose Ive read anything like this before. So nice to find somebody with some original thoughts on this subject. realy thank you for starting this up. this website is something that is needed on the web, someone with a little originality. useful job for bringing something new to the internet!

Leave a Reply

Your email address will not be published. Required fields are marked *