Trading volumes were expected to remain thin with markets in the UK, Germany and the US was closed for holidays. USD/CAD hit 1.2308 during early US trade, the session high; the pair subsequently consolidated at 1.2294, a…
Trading volumes were expected to remain thin with markets in the UK, Germany and the US was closed for holidays. USD/CAD hit 1.2308 during early US trade, the session high; the pair subsequently consolidated at 1.2294, adding 0.12%.
The US dollar edged up against its Canadian counterpart yesterday, re-testing its five week highest level as demand for the greenback remained broadly supported by Friday's U.S. inflation data.
The dollar strengthened broadly on Friday after data showed that U.S. core consumer prices rose 0.3% in April and were 1.8% higher on a year-over-year basis, the largest increase since October.
Technical Insights: USD/CAD
A strong bullish candlestick occurred on both daily and weekly charts which resemble the bullish engulfing pattern. This pattern suggests the impetus to spike up in near future.
The oscillating indicators such as RSI (14) and stochastic also suggest converging direction to the price line.
We foretell if the pair breaches the immediate support at 1.2242 levels then the then the downside risks can be seen until 1.1978 levels. Else this pair tends to bounce back to 1.2363 and 1.2455 levels.
Australia's September 2026 labour report shocked to the negative: unemployment climbed to 4.7% from 4.6% and employment dropped by 39,300 against expectations for a 20,000 increase. Part-time work dropped by 73,700, whic…
UNCX Network, a cryptocurrency token vesting platform formerly known as UniCrypt, suffered a security exploit on Wednesday that drained approximately $86,000 from its shared Ethereum token pool. Blockchain security firm …
Solana is preparing to introduce its highly anticipated Alpenglow consensus upgrade on October 21, 2026, marking one of the blockchain's biggest technological changes since its launch in 2020. The upgrade aims to signifi…
