Tag - cad - canadian dollar

The USD started the day dropping against the Canadian dollar, now on a bullish reversal.

The NZD is on a steady rise after the Wednesday strong bullish move, the USD is dropping and the EUR is testing the support level.

USD/CAD firstly formed a bullish “engulfing” candlestick on the W1 and then confirmed the upside by the following strong bullish candlestick.

The bullish euro and the USD at 4-months highs.

Technical analysis of the USD/CAD

Traders worry about the prospects for the US-China trade deal and await the meeting of the Bank of England. Watch the video to learn more!

The USD and the EUR rising against the CAD; the NZD/JPY testing the support level.

The Canadian employment change and the unemployment rate will be announced at 15:30 MT on November 8.

While the market is boosted by the optimism concerning the US-China trade deal, we are awaiting the Canadian and New Zealand's data.

Will this week be optimistic for the markets?

EUR/CAD strengthened last week but ran into the resistance of the 100-day MA around 1.4675.

This week we will see two rate statements by the major central banks, no changes in the interest rate are expected. Read more...