Tag: Loonie

USDCAD tests the 200 hour MA as oil rise helps to send the loonie higher (USDCAD lower)

That move to the downside has now returned back to the 200 hour moving average at 1.3677. The low price just reached that level and found support buyers. The current price is trading...

USD/CAD zooms to 1.38 as month-end flows hit the loonie

The risk picture has deteriorated since Europe went home and oil is also lower today so there's good reason to sell the loonie but month-end flows might be pushing it further...

USDCAD Outlook Choppy but Loonie Crosses Face Reversal Risk

The Canadian Dollar is backed by one of the most aggressive central bank rate forecasts amongst the majors while growth forecasts are holding up pretty well. Despite that, the currency has generally performed...

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