Top Forex BrokersUSD To CAD Forecast Today
The past few days of trading have seen the USD/CAD trade mostly within a price range of 1.34700 to 1.35250 with brief outliers.
The USD/CAD nearly hit the 1.35680 ratios in early trading yesterday as it kept climbing.
In the last week of March and first week of April, the USD/CAD was trading above the 1.36000 price tag with a rather sustained effort.
The USD/CAD has moved lower in the wake of the U.S Federal Reserve’s anticipated interest rate hike.
Bearish speculators of the USD/CAD who have been wagering on downside momentum to develop and remain consistent have likely been hurt the past two weeks of trading.
The USD/CAD is trading near the 1.34360 ratio as of this writing, the currency pair has turned lower since the publication of the U.S CPI numbers which came in weaker than expected.
On Tuesday the USD/CAD briefly challenged the 1.34050 vicinity and after moving higher, then tested support near the 1.34245 ratio a few times yesterday.
The USD/CAD has continued to display the ability to trade lower early this week, but nervous and volatile results are still being produced which makes pursuing the currency pair rather dangerous.
The USD/CAD is near the 1.37075 level as of this writing, this as the broad Forex market anticipates the U.S Federal Reserve’s FOMC Statement later today.
The USD/CAD has rallied significantly during the trading session on Wednesday, to break toward the 1.38 level yet again.
The US dollar has fallen a bit during the trading session on Tuesday, reaching down below the 1.37 level during the day.
Bitcoin is having a good week despite the rising fear in the financial market.
The USD/CAD has fallen slightly during the trading session on Monday to kick off the week against most currencies, the Canadian dollar included.
The USD/CAD is trading near the 1.37600 ratio as of this writing, the currency pair has traded above the 1.37700 level earlier in the morning.
The US dollar has rallied rather significantly as Jerome Powell reiterated the need to stay “tighter for longer” by the Federal Reserve in front of Congress.