canadian dolar chart
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Canadian Dollar Underperforms Despite Strong Rise in Oil
(CEP News) - Oil prices continued to climb higher on Thursday and are close to testing resistance at $40 a barrel. Nevertheless, the jump in prices has not supported the Canadian dollar.The loonie is showing modest gains against the U.S. dollar, but has been a laggard behind other commodity currencies like the Australian dollar and the Norwegian krona. Earlier today, the loonie broke through support, hitting a low of 1.2486 CAD, but was unable to hold the gains and is
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Higher Canadian Inflation Does Not Provide Much Support for Canadian Dollar
Rising Canadian inflation is not providing much support for the Canadian dollar on Friday as it remains under modest pressure against the greenback.Although the U.S. dollar is up on the day against the loonie, the cross has struggled to make gains through most of the session. USD/CAD has been unable to hold gains past 1.2150 CAD. Through most of the session the cross has bounced between support at 1.2065 CAD and resistance at 1.2158 CAD. The cross
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US Dollar Canadian Dollar (USD CAD) analysis
Forex trading. USD/CAD (US Dollar Canadian Dollar) technical analysis
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