Exchange rates

USDCAD

Delayed 12:21:12 2024-07-13 am EDT			5-day change	1st Jan Change
1.363 ^CAD	+0.02%		-0.06%	+2.91%

Jul. 12	National Bank Monthly Fixed Income Monitor For July 2024; Sees BoC Cutting Again In July, And Two More May Be "Appropriate" Before Year End	MT
Jul. 12	CIBC Sees CPI Data Giving BoC Confidence To Cut Rates Again In July	MT

USD/CAD Next Fibonacci Level is at 1.2280

January 20, 2015 at 01:20 pm EST

DailyFX.com -

Weekly

USD/CAD Next Fibonacci Level is at 1.2280

Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0

Automate trades with Mirror Trader and see ideas on other USD crosses

-USDCAD has pushed through the 2007 high at 1.1875, 61.8% extension of the 2007-2009 rally from the 2011 low at 1.1882, and several upward sloping parallels. Weakness under 1.1834 would suggest a pullback is underway. After 1.20, the next level of interest wouldn’t be until the 78.6% retracement of the decline from the 2009 high at 1.2280.

--Trading ideas are availabletoJ.S. Trade Desk members.

original source

Latest news about USD / CAD

National Bank Monthly Fixed Income Monitor For July 2024; Sees BoC Cutting Again In July, And Two More May Be "Appropriate" Before Year End	Jul. 12	MT
CIBC Sees CPI Data Giving BoC Confidence To Cut Rates Again In July	Jul. 12	MT
CIBC's Week Ahead Market Call For Canada	Jul. 12	MT
Canada Existing Home Sales Rise 3.7% in June - Update	Jul. 12	DJ
Housing Market "Saw Some Early Signs of Renewed Life" in June, according to the Canadian Real Estate Association	Jul. 12	MT
Canada Economics Brief: Activity in housing market "Saw some early signs of renewed life" in June 2024, following the BoC's interest rate cut at the start of the month, CREA adds	Jul. 12	MT
Desjardins FX Forecasts: On the CAD	Jul. 11	MT
Desjardins On Bank of Canada Quantitative Tightening: Diet to End Next Year, but Bonds Not on the Menu until 2026	Jul. 11	MT
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Toronto stocks rise as gold miners lead gains	Jul. 10	RE
TSX Down Amid Mixed Commodity Prices and Questions On Whether Canada Is "Verging on Recession or Just a Regression?"	Jul. 09	MT
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Rosenberg Research on Canada's Labour Force Survey: "Build Up of Excess Supply Strengthens Case For Bank of Canada Easing"	Jul. 08	MT
TSX Records Only Loss of the Week On Mixed Commodity Prices and Mixed Responses To Jobs Data	Jul. 05	MT
Canada Unemployment Rate Continues to Climb, Rising to 6.4% in June -- 2nd Update	Jul. 05	DJ
National Bank "Remains Cautious" On Rebound In Montreal Market Activity	Jul. 05	MT
Odds of Another Canada Rate Cut in July Up After Jobs Data, TD Economics Says	Jul. 05	MT
Hiring Across Canada's Economy Stalls in June, Notes Desjardins	Jul. 05	MT
Instant view: Canada loses a net 1,400 jobs in June, jobless rate rises to 6.4%	Jul. 05	RE
Canada Unemployment Rate Continues to Climb, Rising to 6.4% in June -- Update	Jul. 05	DJ
CIBC Comments on Canada's Labor Report for June	Jul. 05	MT
Canada unexpectedly sheds jobs in June, unemployment rate rises to 6.4%	Jul. 05	RE
TSX futures rise ahead of US employment data	Jul. 05	RE
BMO Comments on Canada's Housing Market	Jul. 05	MT