The most active trading sessions for the CAD/USD currency pair.
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The US dollar initially fell against the Canadian dollar during trading on Wednesday session.
The USD/CAD remains within sight of lows created early yesterday, and important Canadian growth data today which may factor into the currency pair awaits.
The USD/CAD is within the higher elements of its near-term range, but nervous conditions are evident as important U.S inflation statistics are on the schedule.
The USD/CAD is trading near the 1.38200 level and appears rather calm, but volatility could erupt today and tomorrow as Canadian and U.S data and rhetoric stir Forex.
The USD/CAD initially pulled back a bit during the early trading session on Wednesday, only to turn around and show strength near the 1.36 level.
The USD/CAD has mirrored the results of many major currency pairs as its move lower the past couple of days have run into rather strong support as choppy results flourish the past handful of hours.
The USD/CAD hit a low in early trading this morning near the 1.35690 ratio, a reversal higher has taken place since then and traders should anticipate a rather tentative day of results.
The USD/CAD had another very strong trading session on Monday to kick off yet another bullish week.
Fresh long-term highs have been made in the USD/CAD in early trading this morning, as the currency pair mirrors widespread Forex sentiment while the USD continues to create volatility.
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The USD/CAD has produced a rise in near-term values after testing lows last week, this as nervous market sentiment lingers and Forex remains challenging.
The past week and a half of trading in the USD/CAD has seen a sustained decline, this as the U.S. Federal Reserve prepares to make its pronouncements tomorrow.
The USD/CAD is trading near the 1.358000 mark as of this writing, after opening yesterday’s market session around the 1.36400 level.
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Sign up to get the latest market updates and free signals directly to your inbox.The USD/CAD has surged higher in early trading this morning and the currency pair is near important mid-term apex values.
After failing to touch highs around the 1.35750 ratio that were traversed on Friday, yesterday’s trading having produced a high of nearly 1.35730 began to reverse lower.
Speculators of the USD/CAD need to brace for a volatile day ahead as inflation data from Canada, and U.S Retail Sales numbers are published in the same breath.