USD CAD

USD/CAD surged more than 1% off the yearly low with the recovery now approaching trend resistance. Battlelines drawn on the Canadian Dollar short-term technical charts.

Over the last two trading sessions, USD/CAD has posted a gain of nearly 0.8% as markets anticipate today's decision from the U.S. Federal Reserve.

USD/CAD reverses ahead of the October low (1.3473) to pull the Relative Strength Index (RSI) above 30.

Sr. Technical Strategist Michael Boutros highlights the levels that matter on the USD Majors, commodities & stocks into the weekly open.

USD/CAD bears have remained in control and as we walk into the Wednesday Fed meeting, the pair remains one of the more attractive venues for USD weakness scenarios.

USD/CAD extends the slump from earlier this week to push the Relative Strength Index (RSI) into oversold territory.

U.S. inflation data is missing to the downside at a pace not seen in years, with markets responding by pricing in more cuts from the Fed. That’s hitting USD/CAD hard, breaking long-held support and leaving the trend vulnerable to further downside—unless oversold conditions trigger a snapback.

USD/CAD crashed through multi-year trend support with price plunging nearly 3% off the May high- risk for further losses. Battle lines drawn on the weekly technical chart.

USD/CAD sellers have been showing signs of stall after May’s hold of 1.3750 and now June’s support 100 pips lower. Can USD/CAD force a pullback before resuming the larger trend?

Commodity currencies gained ground as optimism over US–China trade talks lifted sentiment, pushing USD/CAD lower and supporting AUD/USD near range highs.

USD/CAD appears to be coiling within the opening range for June as it falls from a fresh weekly high (1.3729).