Exchange rates

USDCAD

Real-time Estimate TTMZero 04:46:33 2024-04-23 am EDT			5-day change	1st Jan Change
1.37 ^CAD	+0.03%		-0.65%	+3.41%

03:01am	DIARY-Top Economic Events to June 27	RE
Apr. 22	ICE Review : Canola Sees Biggest One-Day Gain in Six Months	DJ

USD/CAD Violent Swings Leave Bearish Pattern Lacking Confirmation

October 29, 2014 at 11:20 pm EDT

DailyFX.com -

Talking Points

USD/CAD Technical Strategy: Sidelines Preferred
Downside Risks Remain While Sub 1.1220
Bullish Pattern Signaled Intraday Turn

USD/CAD continues to whipsaw wildly in intraday trade which has done little to confirm a Bearish Engulfing pattern on the daily. Yet downside risks may remain for the pair while sub the 1.1220 ceiling. Downside risks are centered on the psychologically-significant 1.1100 handle.

USD/CAD: Whipsaws Do Little To Confirm Bearish Pattern

USD/CAD Violent Swings Leave Bearish Pattern Lacking Confirmation

Daily Chart - Created Using FXCM Marketscope 2.0, Volume Indicator Available Here

The four hour chart appears more constructive than the daily. A Hammer formation and void of bearish signals suggests the potential for some intraday gains. However, given the context on the daily the extent of an advance may be limited.

USD/CAD: Hammer Signaled Intraday Turning Point

4 Hour Chart - Created Using FXCM Marketscope 2.0, Volume Indicator Available Here

By David de Ferranti, Currency Analyst, DailyFX

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original source

Latest news about USD / CAD

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ICE Canola Midday : Prices Rise Sharply	Apr. 22	DJ
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Scotiabank Previews This Week's Bank of Canada Policy Meeting Summary of Deliberations; 1st of 2 Parts	Apr. 22	MT
Canada Traders Expect Rate Cuts to Begin June, and Continue Through Late 2024 : Bank of Canada Survey	Apr. 22	DJ
Mitsubishi UFG Doesn't See The Canadian Dollar Extending Gains in Near Term	Apr. 22	MT
ICE Canada Morning Comment : New Week Starts With Increases	Apr. 22	DJ
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