USD/CAD Remains Well Supported On Dips

Key Highlights The US Dollar traded higher recently and broke the 1.3400 resistance against the Canadian Dollar. There is a major bullish trend line formed with support at 1.3420 on the 4-hours chart of USD/CAD. The Canadian CPI increased 1.7% in Nov 2018 (YoY), less than the forecast of 1.8%. Today, the US Initial Jobless Claims will be released, which is forecas...
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USD/JPY – Dollar In Steady Uptrend Vs Japanese Yen Ahead of NFP

Key Highlights The US Dollar remained elevated above the 113.50 pivot against the Japanese Yen. There is a crucial bullish trend line in place with support at 113.60 on the 4-hours chart of USD/JPY. The US Non-farm Productivity in Q3 2017 (Preliminary) rose 3%, compared with the +2.4% forecast. Today, the US nonfarm payrolls report for Oct 2017 will be released, w...
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USDCAD – US Dollar Awaits NFP & Canadian Employment Change

Key Highlights The US Dollar formed a solid uptrend against the Canadian dollar and moved above 1.3400. There was a successful close above the 100-day simple moving average in USDCAD at 1.3280, which is a positive sign. Today, the US nonfarm payrolls figure for Feb 2017 will be released by the US Department of Labor, which is forecasted to register 190K, versus 227K ...
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USDCAD – US Dollar Bearish Vs CAD Ahead of NFP Report

USDCAD – US Dollar Bearish Vs CAD Ahead of NFP Report Key Highlights The US dollar seems to be struggling against the Canadian dollar, and may trade lower. There is a crucial bearish trend line formed on the hourly chart of USDCAD, which may act as a resistance near 1.3400-20. The US nonfarm payrolls will be released by the US Department of Labor today, and the ma...
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USDCAD – US Dollar Awaits NFP Report For Break Vs CAD

Key Highlights The US Dollar is on a winning streak against the Canadian dollar, and may continue to move higher. There is a contracting triangle pattern formed on the 4-hours chart of the USDCAD pair, which may provide us the next break. Today, the all-important US nonfarm payrolls report will be released by the US Department of Labor. The forecast is slated for ...
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