News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site. See our updated Privacy Policy here.

0

Notifications

Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events

0

Economic Calendar

Economic Calendar Events

0
Free Trading Guides
Subscribe
Please try again
More View more
Real Time News
  • Indices Update: As of 04:00, these are your best and worst performers based on the London trading schedule: Germany 30: 0.19% France 40: 0.16% FTSE 100: 0.15% US 500: -0.10% Wall Street: -0.10% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/biCoFOmHkb
  • Wall Street Futures Update: Dow Jones (-0.07%) S&P 500 (-0.08%) Nasdaq 100 (+0.002%) [delayed] -BBG
  • Dow Jones Rebound May Lift APAC Stocks, Alibaba Earnings Miss https://www.dailyfx.com/forex/market_alert/2021/08/04/Dow-Jones-Rebound-May-Lift-APAC-Stocks-Alibaba-Earnings-Miss-.html https://t.co/RYUoBEiYyn
  • Listen to my thoughts about OCBC, UOB earnings via MoneyFM podcast with Ryan Huang this morning: https://t.co/3BP2EBSMMk https://t.co/GVolwG2wZ0
  • *Dalilah Still in awe!
  • and Daliah Muhammad too, both broke the word record Unreal!
  • If you’re not watching the #Olympics you just missed an incredible performance by Sydney McLaughlin, one for the ages
  • Commodities Update: As of 02:00, these are your best and worst performers based on the London trading schedule: Silver: 0.47% Gold: 0.14% Oil - US Crude: -0.34% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/FJCwYfBqBn
  • The US Dollar seems to be losing its momentum against ASEAN currencies as of late. Could this be another top in USD/SGD, USD/THB, USD/PHP and USD/IDR? Find out from @ddubrovskyFX here:https://t.co/rVBKBuhhAb https://t.co/PSkSEjVnMC
  • Forex Update: As of 02:00, these are your best and worst performers based on the London trading schedule: 🇳🇿NZD: 0.51% 🇦🇺AUD: 0.12% 🇬🇧GBP: 0.06% 🇨🇦CAD: 0.03% 🇨🇭CHF: 0.02% 🇯🇵JPY: -0.03% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/Ph5lsHjmZL
USD/CAD Classical Technical Report 01.02

USD/CAD Classical Technical Report 01.02

Joel Kruger, Technical Strategist
Daily_Classical_USDCAD_body_cad2.png, USD/CAD Classical Technical Report 01.02

USD/CAD: Our constructive outlook remains intact with the market focused on a retest of the key October highs by 1.0660. From here, look for any interday pullbacks to be very well supported above 1.0000 on a daily close basis, in favor of an eventual break and fresh upside extension beyond 1.0660. Initial resistance comes in at 1.0425. Back above 1.0660 open a fresh upside extension towards 1.1000. Ultimately, only back below parity would give reason for concern.

--- Written by Joel Kruger, Technical Currency Strategist

To contact Joel Kruger, email jskruger@dailyfx.com. Follow me on Twitter @JoelKruger

To be added to Joel Kruger’s distribution list, send an email with subject line “Distribution List” to jskruger@dailyfx.com

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

DISCLOSURES