The most active trading sessions for the CAD/USD currency pair.
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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.
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.
As of this writing the USD/CAD is near the 1.32550 ratio, after touching a low around the 1.31520 mark yesterday.
Speculators intent on trading today and tomorrow in the USD/CAD, before the U.S. central bank’s Federal Funds Rate and FOMC Statement pronouncements need to have solid risk management in place.
An interesting day of trading for the USD/CAD awaits traders, this as Consumer Price Index statistics are set to come from Canada.
The past four weeks of trading in the USD/CAD have found a solid trend downwards.
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The USD/CAD hit a low of nearly 1.31770 on Friday of last week, this came after highs of nearly 1.33525 were seen on Wednesday of last week.
As of this writing the USD/CAD is near the 1.33300 ratio as swift trading is being demonstrated.
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.
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Sign up to get the latest market updates and free signals directly to your inbox.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.