FXStreet will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information. Rate target in 14 days: 0.797. https://www.dailyfx.com/economic-calendar#2020-11-13. If prices fall below 1.2900, the long term prediction turns negative and more depreciation is possible. AUD: 0.34% The use of this website constitutes acceptance of our user agreement. Resistance: 1.3662 | 1.3715 | 1.3800Support: 1.3064 | 1.2932. USD/CAD Forecast: The daily chart of USD/CAD looks positive. By the end of the year 2019, the average outlook for the pair was Any investment is solely at your own risk, you assume full responsibility. From Jul 2019 to Jan 2020, the maximum level for the USDCAD (Canadian dollar US dollar) was 1.3638 (on 02/01/19), and the minimum, 1.3006 (on 31/12/19). Scroll down for the latest USD/CAD outlook. Well, before the Canadian Dollar can establish further gains, it will have to pierce an area of notable support slightly above 1.3000. The last swing high of the uptrend is 1.4689 at the high of 2016. We recommend that you seek independent advice and ensure you fully understand the risks involved before trading. View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/ySM7iWzzfD, Crude Oil Prices Struggle on Covid Upswell, US Fiscal Deadlock - https://www.dailyfx.com/forex/fundamental/daily_briefing/daily_pieces/commodities/2020/11/13/Crude-Oil-Prices-Struggle-on-Covid-Upswell-US-Fiscal-Deadlock.html?CHID=9&QPID=917708&utm_source=Twitter&utm_medium=Spivak&utm_campaign=twr In the last four weeks we have seen a strong recovery with now approaching the July high. USD/CAD continues to rebound as the U.S. dollar is gaining ground against a broad basket of currencies. The last swing high of the uptrend is 1.4689 at the high of 2016. of Directors of the Bank for International Settlements (BIS). EUR/GBP and GBP/USD Unfazed by Outdated Record Q3 GDP Growth, Japanese Yen: USD/JPY May fall as Election Gives Way to Rising Covid Cases, IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 97.37%, while traders in NZD/USD are at opposite extremes with 74.58%. The short-term USD to CAD forecast shows the pair trading at a support level of 1.3637 and a resistance level of 1.3708 in comparison to a range of 1.2950-1.3450 in early March. USD/CAD, like many markets this week, has been subjected to immense volatility. There are inherent risks involved with trading, including the loss of your investment. Registered Address: 32 Old Slip, Suite 803; New York, NY 10005. Next price target could be the 2009 high 1.3662. As Governor, he is also Chairman of the Board If a steady demand in exchange for CAD exports is seen, that would turn into a positive growth in the trade balance, and that should be positive for the CAD. The best long-term & short-term CAD/USD FX prognosis for 2020, 2021, … Coronavirus figures are also eyed. By visiting our site, you agree to our privacy policy regarding cookies, tracking statistics, etc. #OOTT #CrudeOil https://t.co/cQbqrMAaxI, There are many different types of forex orders, which traders use to manage their trades. All eyes on virus update and US data for fresh incentives. Find out more about top cryptocurrencies to trade and how to get started. … Get updated information & news daily on exchange rates! Germany 30: 0.44% Resistance: 1.3451 | 1.3662 | 1.3715 | 1.3800Support: 1.3064 | 1.2932. If prices fall below 1.2900, the long term prediction turns negative and more depreciation is possible. Your email address will not be published. US dollar steady in recent ranges amid escalating covid concerns. https://www.dailyfx.com/economic-calendar#2020-11-13, Commodities Update: As of 11:00, these are your best and worst performers based on the London trading schedule: With the pending trade agreement, the USDCAD direction will be again be determined by the relative strengths of the United States and China economies and the impact on the interest rate policies of the respective central banks. Here are some general data. They are key indicators to measure inflation and changes in purchasing trends. Weathering an election and a FOMC rate decision, the pair has been battered down, falling from 1.3369 on November 2 to the 1.3035 area headed into the weekend. Save my name, email, and website in this browser for the next time I comment. No entries matching your query were found. Previous: -14.8% From 1997 through 2005, Powell was a partner at The Carlyle Group. Your email address will not be published. EUR/USD, USD/JPY Outlook: Narrative Tug of War Between COVID Vaccine and COVID Cases, Euro Forecast: Performance after US Elections, COVID-19 Vaccine is a Bad Omen for EUR/JPY, EUR/USD, Crude Oil Prices Struggle on Covid Upswell, US Fiscal Deadlock, Dow Versus S&P 500 for Risk Scenarios, Similar to EURGBP and GBPNZD Options, Dow Jones Forecast: Evening Star Candlestick Hints at Reversal Potential, Gold Price Outlook Hinges on Vaccine Hope Outshining Virus Fear. The strong support area around 1.3000 could be the base for a substantial price increase. FX Publications Inc (dba DailyFX) is registered with the Commodities Futures Trading Commission as a Guaranteed Introducing Broker and is a member of the National Futures Association (ID# 0517400). In the daily chart we see USD/CAD Forex pair trading in a defined uptrend after having found key support around the 2009 high. An initial area of buoyancy may reside at the September swing low, just near 1.2993. USDCAD prediction: The monthly chart of USD/CAD looks slightly positive. CAD: 0.15% US Consumer Sentiment is eyed. View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/xsZpCBLkp6, Libyan oil production rises to over 1.2mbpd, according to a Libyan source, What are some monetary policies that could affect Gold this quarter? The strong support area around 1.3000 could be the base for a substantial price increase. How Will Markets React to the 2020 US Presidential Election? Born in Washington D.C., he received a bachelor’s degree in politics from Princeton University in 1975 and earned a law degree from Georgetown University in 1979. Japan reported a record of 1,700 new covid contagions in 24 hours. For example, if the pair is trading at 1.3300, it means it takes 1.3300 Canadian Dollar to buy 1 US-Dollar. The high degree of leverage can work against you as well as for you. USD/SGD, USD/IDR, USD/MYR, USD/PHP. Don't miss our 2020 USDCAD forecast! Crude Oil Prices Eye JMMC Meeting as OPEC Look to Delay Production Hike, British Pound (GBP) Latest: Brexit Deadline, Covid Surge, Whitehall Infighting, EUR/CHF Breakout Hints at Further Gains for Germany's DAX 30 Index, Sterling Forecast: Cable Caught by Uptrend Resistance- GBP/USD Levels. Should USD/CAD break the level, secondary and tertiary support is not immediately clear. The following years are showing a trading range with sideways price action. Note: Low and High figures are for the trading day. With the Canadian economy performing well, the BOC governors would need an extraordinary economic reason to re-open the interest rate discussion. EUR/USD is advancing above 1.18 as the market mood improves, despite concerns about coronavirus. View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/atMTlTHw7g, Indices Update: As of 11:00, these are your best and worst performers based on the London trading schedule: Here you have two nice correlations.” Then he continues his analysis: “If you are willing to find a pair which is really sensitive to oil prices, then pick the, USD/CAD off six-day highs, bid above 1.3150 amid WTI sell-off, USD/CAD Price Analysis: Few more upside hurdles to tackle above 1.3100, USD/CAD pushed to weekly highs at 1.3150 amid risk off flows, USD/CAD Weekly Forecast: Making the drift lower seem stationary, EUR/USD climbs above 1.18 amid improving market mood, GBP/USD edging higher as Brexit, covid developments eyed, USD/JPY: Depressed around 105.00, risk skew to the downside, Gold stuck in range around $1880, awaits fresh cues, WTI drops 1.5% even as OPEC+ considers delaying output boost.

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