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USD To CAD Forecast Today
The US dollar initially tried to rally against the Canadian dollar during early trading on Thursday but has given back quite a bit of the gains.
The USD/CAD hit a high of nearly 1.35870 during the lightning quick price action.
The USD/CAD is trading near the 1.34640 ratio as of this writing.
The current price of the USD/CAD is near 1.34300 which is close to support last tested in a sustained manner in the middle of January.
You can see that the market has shown it's shown to be somewhat negative during the early hours on Monday.
The US dollar has been back and forth against the Canadian dollar during the trading session on Thursday, as we continue to hang around the 1.35 level.
It looks like the US dollar initially tried to rally against the Canadian dollar during the Wednesday session.
After reaching a high of nearly 1.34925 yesterday the USD/CAD has been able to traverse lower.
The US dollar has gone back and forth during the course of the trading session on Thursday as we continue to hang around the 1.35 level.
The US dollar initially fell a bit against the Canadian dollar during the trading session on Thursday but then turned around to show signs of strength as the CPI numbers in the United States came out a little hotter than anticipated.
The USD/CAD has climbed higher and is within sight of important mid-December resistance, but important inflation data will come from the U.S tomorrow.
The US dollar has rallied early against its northern neighbor, but there is still a significant amount of resistance at the 1.34 level in the Canadian dollar.
The USD/CAD has traded higher early this week as speculators have appeared to react nervously to the lows produced late last week.
The USD/CAD has initially fallen again during the trading session on Wednesday, but then turned around to show some signs of life around the 1.32 level.
The USD/CAD initially tried to rally a bit during the trading session on Wednesday but has found more selling pressure as the downtrend continues.