Canadian Dollar

USD/CAD put in a massive spike last week after a threat of 25% tariffs on Canada, but when that move pulled back buyers continued to hold support at the key level of 1.4000.

USD/CAD surged to fresh yearly highs as Trump threatens a 25% tariff on Canada- bulls vulnerable into major resistance. Battle lines drawn on the weekly technical chart.

USD/CAD tested above a major level last week of 1.4000, which hadn’t traded in more than four years. So far this week sellers have sunk price back below that level, but can they hold it into week and month-end?

The Trump rally failed at technical resistance last week with a two-day plunge testing the first line of defense. Battle lines drawn on the USD/CAD short-term charts.

USD/CAD snapped a five-week winning streak with the November opening-range now poised for a breakout post-US elections. Battle lines drawn on the weekly technical chart.

USD/CAD erased the early-week sell-off with the Trump rally now poised for a test of technical resistance. Battle lines drawn on the short-term charts into the Fed.

USD/CAD is attempting a fifth weekly advance the bulls threatening a major breakout today. Battle lines drawn on the weekly technical chart.

The USD/CAD rally has stalled at resistance ahead of tomorrow’s Bank of Canada rate decision. Battle lines drawn on the short-term technical charts.

Canadian Dollar is on the defensive for a third week with USD/CAD rallying nearly 2% off the yearly low. The levels that matter on the weekly technical chart.

USD/CAD plunged back into critical support this week price- bears on notice ahead of Canada employment / FOMC. The levels that matter on the short-term technical charts.

The Canadian Dollar coil continues to tighten and while the momentum is lacking, the battle-lines are clear. Levels that matter on the USD/CAD weekly technical chart.

USD/CAD is testing critical support for the third time in four months with a weekly range breakout imminent. The levels that matter on the short-term technical charts.

Canadian Dollar is on the defensive for a second week with USD/CAD building on a rebound off support. Levels that matter on the weekly technical chart heading into May.

Canadian Dollar advance failed at support near the yearly range lows with USD/CAD attempting to mount a counteroffensive. The levels that matter on the technical charts.

Canadian Dollar surged this week with a reversal in USD/CAD plunging more than 2%. The levels that matter on the weekly technical chart heading into April.

In this week’s edition, we discuss the dollar and its impressive rally and the Canadian dollar.