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Today's Forex News

USD/CAD trades with mild losses below 1.3950, US NFP data looms

USD/CAD trades with mild losses below 1.3950, US NFP data loomsFX Street2024-11-01

Pound to Canadian Dollar Rate Firms following Lacklustre Canadian GDP

At the time of writing GBP/CAD traded at around CA$1.8059, up roughly 0.2% from Thursday's opening rate. The Canadian Dollar (CAD) struggled to garner investor attention on Thursday following the publication of Canada's latest GDP reading.ExchangeRates2024-11-01

U.S. Dollar Moves Higher After NFP Report: Analysis For EUR/USD, GBP/USD, USD/CAD, USD/JPY

The disappointing Non Farm Payrolls report did not put pressure on the American currency.FXEmpire2024-11-01

USD/CAD corrects after US NFP, remains well-supported above 1.3900

The USD/CAD pair corrects mildly to near the round-level support of 1.3900 in Friday's New York session. The Loonie asset drops after the release of the United States (US) Nonfarm Payrolls (NFP) data for October, which showed lower job additions at 12K against the estimates of 113K and the former release of 223K in September, downwardly revised from 254K.FX Street2024-11-01

USD/CAD: Little changed on the day – Scotiabank

The Canadian Dollar (CAD) is unchanged on the session, holding in the low 1.39 area just below yesterday's high which marked a virtual pinpoint retest of the August spot peak, Scotiabank's Chief FX Strategist Shaun Osborne notes.FX Street2024-11-01

USD/CAD rally stalls below 1.3945 ahead of the US NFP release

USD/CAD rally stalls below 1.3945 ahead of the US NFP releaseFX Street2024-11-01

Additional News:

EUR/USD, USD/JPY, USD/CAD: USD Price Action into the Election, FOMC

It was a strong month of October but finally, some resistance was able to hold in the US Dollar. The same 104.57 level that was in-play the week before held two additional tests after the weekly open and buyers were unable to make much ground above.Forexcom2024-11-01

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Chart below shows a list of currency exchange me when you are at near major interactions of Toronto.




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Parking Instruction

Parking is $3.50 for 30 minutes. Walk into a steel door beside pay station at P1 level, labeled as PATH. Walk straight through the Shearton Hotel and keep walking straight to Richmond-Adelaide Centre. We are on the other side of the food court, beside a handicap ramp.

Parking Entrance at 100 Queen St. W.

PATH Entrance inside Parking P1 Level

Walk Straight Through Shearton Hotel

Richmond-Adelaide Centre in PATH

Access Currency Mart

About 2 minutes walk. Walking into the building of 110 Adelaide St. W., take the escalator from the lobby down to Toronto PATH. Turn right at Rexalll drug store and walk stright to foot court. We are inside the food court, beside a handicap ramp.

About 1 minutes walk. Walking into the building of 120 Adelaide St. W., take the escalator behind the security desk down to Toronto PATH, we are 6 shops away on your right hand side, beside a handicap ramp.

About 1 minutes walk. Walking into the building of 130 Adelaide St. W., take the escalator from the lobby down to Toronto PATH. Turn left at Rexall drug store and walk stright to foot court. We are inside the food court, beside a handicap ramp.

About 1 minutes walk. Walking into the building of 85 Richmond St. W., take the escalator down to Toronto PATH, we are on the other side of the food court beside a handicap ramp.

About 1 minutes walk. Walking into the building of 111 Richmond St. W., take the escalator on your left hand side down to Toronto PATH, we are 6 shops away on your right hand side.

About 8 minutes walk. Walk out queen station from south bound platform, turn left walk into the Bay. Turn right in the Bay, and keep walking straight to Thompson building, keep walking straight to Shearton Centre, and turn left. We are 6 shops away on your right hand side.

About 4 minutes walk.

About 8 minutes walk.


Foreign Exchange Reference


Currency Exchange

Currency exchange is changing one currency to another for the purpose of travel, purchase or investment. According to a study of Bank for International Settlements, daily average was more than $6 trillion trading volume. Currency Mart acts as a counter-party to an off-exchange or an over-the-counter forex transaction of cash, financial instruments, futures contracts, options on futures contracts. Currency exchange is a decentralized market and operates 24 hours per day around the globe. London, New York and Tokyo are the three major currency exchange markets and followed by cities of Hong Kong and Singapore. Decentralized market means each currency exchange broker offers its own buy in and sell out exchange rates. The rates are determined based on the demand, inventory and supply of the particular dealer and also the interbank rates at that moment. That is why exchange rates at the same moment are similar, but different broker to broker.

Currency Exchange Market of Canada

Annually, about $600 billion Canadian dollars exchanged to other currencies, over 50% is changed to US dollar and Euro dollar is the second most wanted currency. RBC is the major player in Canadian foreign exchange market. With the other four major banks, banks count 90% of market transaction volume. In addition to banks, large corporations who deal with petroleum or grains conduct massive amount of foreign exchange transactions. Licensed brokers who serve retail clients and small businesses fill up the rest of market gap.

Currency Exchange Market of Toronto

The demand of currency exchange in Ajax is mainly from manufacturing activies, because most manufacturing business sell their products to United States and get paid by us dollars. In addition, purchasing property, vehicle, pay tutition and travel expense are supplements of the currency exchange market in Toronto. In fact, the amount of exchanging USD to CAD is much more than exchanging CAD to USD.

Currency Exchange Market of Ajax Area

Currency exchange in Ajax area is lack of competiton, since most foreign exchange dealers are in Toronto downtow or Yonge St. area.

Currency Exchange Rate

Exchange rate is updated every 5 minutes, 24 hours a day, 7 days per week. Each exchange rate comes with 2 expressions, which express the same rate in 2 different ways. Each expression is 4 digits accuracy.

USD CAD

USD CAD exchange is the most important trading currency pair in Canada. The particular currency pair can count up to 50% of transaction volumn for a Canadian currency exchange broker. For some province, the precentage is even higher. Currency Mart as a currency exchange dealer, we always keep USD currency in stock for customers demand.

Currency Exchange Ajax - FAQ

Going to Toronto downtown will get you the best rate compare to Ajax area.

Ajax is lack of major foreign exchange dealers and it only about 40 minutes away from Toronto downtown, which most Canadian foreign exchange dealers located.

All local banks can exchange your USD to CAD, but those banks only deal with customers who have bank accounts with them.

Foreign exchange dealers can do it for you and rate is usually better than banks.

Payday loan businesses do currency exchange too, but rates are terriable.

In general, HSBC offers the best currency exchange rates amoung all other banks. Also, credit unions offer exchange rates better than banks.

We do not accept foreign coins.

As for Canadian coins, we only accept the following amounts for the following denominations:

  • Fifty dollars ($50), or the equivalent of one roll of two dollar ($2.00) coins
  • Twenty-five dollars ($25), or the equivalent of one roll of one dollar ($1.00) coins
  • Ten dollars ($10), or the equivalent of one roll of twenty-five cent ($0.25) coins
  • Five dollars ($5), or the equivalent of one roll of ten cent ($0.10) coins
  • Two dollars ($2.00), or the equivalent of one roll of five cent ($0.05) coins

We reserve the right to use our discretion for accepting Canadian coin, as outlined by the Currency Act under “Legal Tender: section 8, subsection (2)”

We provide the currency exchange service for the following areas of Ajax.

  • New Toronto

  • Mimico

  • Islington

  • New Toronto

  • The Kingsway

  • Humber Valley Village

  • Richview

  • The Queensway

  • Islington City Center West

  • Eatonville

  • Markland Wood

Historical Forex News

USD/CAD sticks to modest gains above 1.3900 ahead of US PCE data, Canadian GDP

The USD/CAD pair attracts fresh buying on Thursday and for now, seems to have stalled its corrective pullback from the 1.3940 area, or the highest level since August 5 touched the previous day. Spot prices trade above the 1.3900 mark through the first half of the European session as traders keenly await important macro data from the US and Canada.FX Street2024-10-31

Pound Canadian Dollar (GBP/CAD) Exchange Rate Muted following UK Budget Announcement

At the time of writing GBP/CAD traded at around CA$1.8060, virtually unchanged from Wednesday's opening rate. The Pound (GBP) weakened against the majority of its peers on Wednesday following the publication of the UK's hotly anticipated Autumn Budget.ExchangeRates2024-10-31

USD/CAD Price Forecast: Struggles for firm-footing above 1.3900

The USD/CAD pair struggles to establish above the key support of 1.3900 in Thursday's North American session. A one-sided rally in the Loonie pair appears to have paused, with investors focusing on the United States (US) Nonfarm Payrolls (NFP) data for October, which will be published on Friday.FX Street2024-10-31

USD/CAD: Soft risk appetite forces a range trade – Scotiabank

The Canadian Dollar (CAD) is modestly softer on the session amid weak risk appetite but it is at least holding recent ranges, Scotiabank's Chief FX Strategist Shaun Osborne notes.   FX Street2024-10-31

Pre-NFP USD Price Action Setups: EUR/USD, USD/JPY, USD/CAD

The US Dollar has finally pulled back. But – there's now a key support level in play and tomorrow's NFP report can be a major market mover, as it's an early look at October activity in the world's largest economy.Forexcom2024-10-31

U.S. Dollar Is Flat After PCE Report: Analysis For EUR/USD, GBP/USD, USD/CAD, USD/JPY

U.S. dollar is swinging between gains and losses as PCE Price Index met analyst forecasts.FXEmpire2024-10-31

USD/CAD stands firm near its highest level since August, above 1.3900 mark

The USD/CAD pair trades near its highest level since August 5, around the 1.3920-1.3925 region during the Asian session on Wednesday and seems poised to prolong its recent upward trajectory witnessed over the past month or so. A combination of factors might continue to weigh on the Canadian Dollar (CAD), which, along with the emergence of some US Dollar (USD) dip-buying, validate the near-term positive outlook for the currency pair.FX Street2024-10-30

USD/CAD remains above 1.3900 near three-month highs, eyes on US GDP

The USD/CAD pair pulls back from its three-month high of 1.3929, recorded in the previous session, trading around 1.3910 during Wednesday's European session. The Canadian Dollar (CAD), tied to commodities, benefits from stronger Oil prices, as Canada remains the largest crude supplier to the United States (US).FX Street2024-10-30

USD/CAD Daily Outlook

Intraday bias in USD/CAD remains on the upside as rally from 1.3418 is in progress for retesting 1.3946/76 resistance zone. Decisive break there will confirm larger up trend resumption.Action Forex2024-10-30

Technical Analysis – USDCAD rallies near 22-month peak

USDCAD added more than 3% so far this month, posting an incredible bullish rally with no notable bearish waves. The price is currently approaching the previous 22-month high of 1.3947 with the next resistance taking place at 1.3975, achieved in October 2022.XM2024-10-30

USD/CAD Surges to 11-Week High: Can It Break Above 1.3946?

USD/CAD rises toward 1.3946, hitting an 11-week high. Can the pair sustain its bullish momentum or face resistance?InvestingCube2024-10-30

USD/CAD: Remains weak on yield spreads – Scotiabank

Near-term prospects for the Canadian Dollar (CAD) are little changed, Scotiabank's Chief FX Strategist Shaun Osborne notes.FX Street2024-10-30

U.S. Dollar Moves Away From Multi-Month Highs: Analysis For EUR/USD, GBP/USD, USD/CAD, USD/JPY

The American currency is moving lower as GDP Growth Rate missed analyst forecasts.FXEmpire2024-10-30

USD/CAD Price Forecast: Hesitates to break above 1.3900

The USD/CAD pair struggles to extend its rally above the round-level resistance of 1.3900 in Tuesday's European session. The rally in the Loonie pair appears to have paused for a while, with investors focusing on a string of the United States (US) economic data to be released this week.FX Street2024-10-29

Pound Canadian Dollar (GBP/CAD) Exchange Rate Rangebound despite Disappointing UK Data

At the time of writing GBP/CAD traded at around CA$1.8028, virtually unchanged from Monday's opening rate. The Pound (GBP) struggled to garner investor attention on Monday following the publication of some below forecast domestic data.ExchangeRates2024-10-29

U.S. Dollar Gains Ground: Analysis For EUR/USD, GBP/USD, USD/CAD, USD/JPY

U.S. dollar is moving higher despite the weak JOLTs Job Openings report.FXEmpire2024-10-29

USD/CAD Price Forecast: Hitting resistance zone at top of multi-year range

USD/CAD reaches the top of a multi-year range and it is probable the pair will meet stiff technical resistance at these levels.FX Street2024-10-29

USD/CAD: May see a marginal technical improvement – Scotiabank

The Canadian Dollar (CAD) is marginally higher on the day so far. Slightly firmer risk appetite and a small rebound in crude oil prices are helping at the margin but, absent some real improvement in spreads, which are the drain on the CAD's performance at the moment, there is little chance of the CAD picking up much ground in the short run, Scotiabank's Chief FX Strategist Shaun Osborne notes.FX Street2024-10-29

Canadian Dollar Technical Forecast: USD/CAD Bulls Go For the Break

USD/CAD is attempting a fifth weekly advance the bulls threatening a major breakout today. Battle lines drawn on the weekly technical chart.Forexcom2024-10-29

USD/CAD holds below 1.3900 despite lower Oil prices

The USD/CAD pair trades with mild losses around 1.3885 on Monday during the early European trading hours. Nonetheless, the downside seems limited as the fall in crude oil prices could weigh on the commodity-linked Canadian Dollar (CAD) and create a tailwind for the pair.FX Street2024-10-28

U.S. Dollar Moves Lower: Analysis For EUR/USD, GBP/USD, USD/CAD, USD/JPY

U.S. dollar is losing some ground as Dallas Fed Manufacturing Index report missed analyst expectations.FXEmpire2024-10-28

USD/CAD hesitates at 1.3900 with downside attempts limited

The US Dollar is wavering below the 1.3900 level on Monday's European morning session. A somewhat softer US Dollar is weighing on the pair, although the lower Oil prices are keeping Cad recovery attempts limited.FX Street2024-10-28

USD/CAD: Little changed on the day – Scotiabank

The Canadian Dollar (CAD) is trading little changed on the day, with spot ignoring the sharp drop in crude prices—rather surprisingly, Scotiabank's Chief FX Strategist Shaun Osborne notes.FX Street2024-10-28

EUR/CAD Price Prediction: Extending up leg within range

EUR/CAD appears to be extending the final “c wave” of an abc “zig-zag” price pattern within the confines of a multi-month range (see chart below). FX Street2024-10-28

GBP/CAD Week Ahead Exchange Rate Forecast: Recovery from One-Week Low

GBP/CAD Bounces Off One-Week Low as UK Budget Looms The Pound Canadian Dollar (GBP/CAD) exchange rate hit a one-week low last week before bouncing back amid uncertainty ahead of the UK's Autumn Budget. At the time of writing, GBP/CAD traded at CA$1.7982, having recovered from a low of CA$1.7864 but still down 0.2% on the.ExchangeRates2024-10-28

USD/CAD Eyes August High as RSI Holds in Overbought Territory

USD/CAD extends the series of higher highs and lows from last week to keep the Relative Strength Index (RSI) in overbought territory.Forexcom2024-10-28

USD/CAD clings to gains near 1.3850 as BoC to continue aggressive rate-cut stance

The USD/CAD pair turns sideways in Friday's European session after posting a fresh 11-week high at 1.3870 on Thursday. The Loonie pair clings to gains as the Canadian Dollar (CAD) remains on the backfoot on expectations that the Bank of Canada (BoC) would continue an aggressive policy-easing stance in the next policy meeting in December.FX Street2024-10-25

Technical Analysis – USDCAD still near the almost 3-month high

USDCAD has been creating a notable bullish rally since the bounce off the 1.3420 support level, taking the price to an almost three-month high of 1.3868. The pair added 3.4% on this rally, trying to switch the medium-term outlook to positive.XM2024-10-25

USD/CAD trades around 1.3850, two-month highs, traders adopt caution ahead of US election

The USD/CAD pair maintains its position on two consecutive days of gains, trading around 1.3850 during the Asian session on Friday. This level is near its two-month peak of 1.3868, reached on Thursday.FX Street2024-10-25

USD/CAD: Underlying drivers improve modestly – Scotiabank

The Canadian Dollar (CAD) is little changed on the session. CAD remains soft against the USD but it has held up a little better than most of G10 peers on the week despite the Bank of Canada's aggressive rate cut Wednesday, Scotiabank's Chief FX Strategist Shaun Osborne notes.FX Street2024-10-25

EUR/CAD remains stuck in range as both currencies face similar bearish fundamentals

EUR/CAD lengthens its range-bound price action on Friday, trading at 1.5000 after edging higher on the day. The pair is plum in the center of an 11-week range and unable to gain directionality due to the similar monetary policy outlook of the two currencies' central banks.FX Street2024-10-25

U.S. Dollar Is Moving Higher: Analysis For EUR/USD, GBP/USD, USD/CAD, USD/JPY

The better-than-expected Durable Goods Orders and Michigan Consumer Sentiment reports provided support to the American currency.FXEmpire2024-10-25

USD/CAD Price Forecast: Bulls have the upper hand despite corrective slide, 1.3800 holds the key

The USD/CAD pair attracts some sellers on Thursday and moves away from its highest level since early August, around the 1.3860-1.3865 region touched in reaction to the Bank of Canada's (BoC) oversized rate cut the previous day. The Canadian central bank took an aggressive step and decided to lower its key benchmark interest rate by 50 basis points (bps) for the first time since the COVID-19 pandemic.FX Street2024-10-24

USD/CAD Price Forecast: Rally pauses near 1.3850 for a while

The USD/CAD pair corrects slightly to near 1.3820 in Thursday's European session after posting a fresh 11-week high above 1.3850 on Wednesday. The Loonie pair has shown a one-sided rally since September 25, which appears to have paused for a while as investors look for fresh cues about the likely monetary policy action by the Bank of Canada (BoC) and the Federal Reserve (Fed) in the remaining year.FX Street2024-10-24

Pound Canadian Dollar Outlook: GBP/CAD muted despite bumper BoC rate cut

At the time of writing the GBP/CAD exchange rate traded at CA$1.7930. Virtually unchanged from Wednesday's opening levels.ExchangeRates2024-10-24

USD/CAD: Push downwards to potentially extend to test support at 1.3750 – Scotiabank

The Bank of Canada (BoC) duly delivered the 50bps cut that the markets were more or less expecting yesterday. The CAD wobbled for a bit but held its ground around the mid/ upper 1.38s, Scotiabank's Chief FX Strategist Shaun Osborne notes.FX Street2024-10-24

GBP/CAD Price Forecast: Possibly extending higher in Rising Wedge pattern

GBP/CAD continues trading higher in what looks like a Rising Wedge pattern. Within the confines of the pattern's borders the pair is finding support at the (red) 50-day Simple Moving Average (SMA) at about 1.7879.FX Street2024-10-24

U.S. Dollar Pulls Back After PMI Reports: Analysis For EUR/USD, GBP/USD, USD/CAD, USD/JPY

Forex traders used the strong U.S. PMI data as an opportunity to take some profits off the table.FXEmpire2024-10-24

USD/CAD Defends Post-BoC Reaction to Eye August High

USD/CAD attempts to extend the advance following the Bank of Canada (BoC) rate cut as it trades to a fresh monthly high (1.3869).Forexcom2024-10-24

USD/CAD Price Forecast: Bulls take a breather near 1.3800 ahead of BoC rate decision

The USD/CAD pair attracts some dip-buyers following the previous day's modest slide and sticks to its positive bias around the 1.3825 region through the first half of the European session on Wednesday. Spot prices remain within the striking distance of the highest level since August 6 touched earlier this week as traders keenly await the Bank of Canada (BoC) policy decision before positioning for the next leg of a directional move.FX Street2024-10-23

U.S. Dollar Tests Multi-Month Highs: Analysis For EUR/USD, GBP/USD, USD/CAD, USD/JPY

U.S. dollar stays strong as traders focus on rising Treasury yields.FXEmpire2024-10-23

Canadian Dollar Post-BOC Rate Cut: USD/CAD Pushes Tepid Initial Breakout

The 50 bp cut from the Bank of Canada was well priced-in ahead of this morning's announcement, and several longer-term resistance levels sit overhead around 1.3900, 1.3950 and 1.4000.Forexcom2024-10-23

USD/CAD holds gains near 1.3850 as BoC cuts interest rates to 3.75%, as expected

The USD/CAD pair remains firm near 1.3850 as the Bank of Canada (BoC) has reduced its key borrowing rates by 50 basis points (bps) to 3.75%. This is the fourth straight interest rate cut by the BoC in a row.FX Street2024-10-23

USD/CAD: BoC policy decision is nigh – Scotiabank

The Canadian Dollar (CAD) is holding relatively steady against the strong USD ahead of the Bank of Canada policy decision and MPR at 9.45ET. Governor Macklem and Senior DG Rogers hold their press conference at 10.30ET, Scotiabank's Chief FX Strategist Shaun Osborne notes.FX Street2024-10-23

AUD/CAD Technical: BoC Jumbo Cut of 50 bps May Have Already Been Fully Priced In

In a few hours' time today, the Bank of Canada (BoC) will announce its latest monetary policy decision where the consensus is expecting a fourth consecutive interest rate cut to its key policy interest rate with a higher magnitude of 50 basis points (bps) to bring it down to 3.75%.Action Forex2024-10-23

USD/CAD trades sideways as BoC policy takes centre stage

The USD/CAD pair consolidates in a tight range above the round-level support of 1.3800 in Tuesday's European session. The Loonie pair trades back and forth, with investors focusing on the Bank of Canada's (BoC) interest rate decision, which will be announced on Wednesday.FX Street2024-10-22

USD/CAD Sweeps Sellers as Bank of Canada Poised to Cut Rates

The Canadian dollar remains under constant selling pressure amid falling crude oil prices and lower inflation, which prompted the Bank of Canada to propose a massive rate cut at its next meeting. Let's find out more about the technical and fundamental aspects of the USD/CAD pair.FXEmpire2024-10-22

GBP/CAD Exchange Rate Forecast: BoC Decision to Hammer the Canadian Dollar?

GBP/CAD Volatile amid UK and Canadian Inflation The Pound Canadian Dollar (GBP/CAD) exchange rate slumped to an eight-day low last week due to the UK's weaker inflation reading, although it did manage to bounce back. At the time of writing, GBP/CAD traded at CA$1.7990, having recovered its losses after hitting an eight-day low of.ExchangeRates2024-10-22

U.S. Dollar Gains More Ground: Analysis For EUR/USD, GBP/USD, USD/CAD, USD/JPY

The American currency tests multi-month highs as traders stay bullish.FXEmpire2024-10-22

USD/CAD: CAD remains weak and oversold – Scotiabank

The Canadian Dollar (CAD) has had a minor reprieve this morning as it holds little changed on the session but some 20 ticks above yesterday's low against the USD in the mid-1.38s, Scotiabank's Chief FX Strategist Shaun Osborne notes.FX Street2024-10-22

USD/CAD Price Forecast: Aims to revisit over two-month high of 1.3840

The USD/CAD pair extends its winning spree for the third trading session on Monday. The Loonie pair sustains above 1.3800 and aims to recapture the 11-month high of 1.3840 ahead of the Bank of Canada's (BoC) interest rate decision, which will be announced on Wednesday.FX Street2024-10-21

USD/CAD forms double-bottom, golden cross ahead of BoC decision

The USD/CAD exchange rate rose for three consecutive days and was hovering near its highest level since August 6 ahead of the closely-watched Bank of Canada (BoC) interest rate decision.  The pair rose to a high of 1.3815 on Monday, up by almost 3% from its lowest point in September.Invezz2024-10-21

U.S. Dollar Moves Higher: Analysis For EUR/USD, GBP/USD, USD/CAD, USD/JPY

U.S. dollar tests multi-week highs as traders focus on rising Treasury yields.FXEmpire2024-10-21

Weekly Technical Outlook – USDCAD, EURUSD, GBPUSD

USDCAD is back in the 1.3800 territory and a short distance below October's high of 1.3837 as investors expect the Bank of Canada (BoC) to slash interest rates by 50bps 3.75% on Wednesday. The pair has found support near the former resistance at 1.3780, increasing potential for a bullish continuation.XM2024-10-21

USD/CAD: Markets await BoC – Scotiabank

The Canadian Dollar (CAD) is one of the better-performing currencies on the session when looking at overall ground lost versus the USD on the session but it is trading at session lows against the USD as our trading day gears up, Scotiabank's Chief FX Strategist Shaun Osborne notes.FX Street2024-10-21

USD/CAD consolidates near 1.3800 ahead of Fed speakers

The USD/CAD pair trades in a tight range near the round-level resistance of 1.3800 in Friday's European session. The Loonie pair trades sideways as investors await speeches from a slew of Federal Reserve (Fed) officials, who are scheduled to speak in the North American session.FX Street2024-10-18

GBP/USD Takes Hit While USD/CAD Remains in Uptrend

On the hourly chart of GBP/USD at FXOpen, the pair struggled to continue higher above the 1.3400 resistance zone. The British Pound started a downside correction and traded below the 1.3200 support zone against the US Dollar.Action Forex2024-10-18

USD/CAD Price Forecast: Tests 1.3800 in an attempt to re-enter the ascending channel

The USD/CAD pair maintains its position on recent gains from the previous session, trading around 1.3800 during the Asian hours on Friday. On the daily chart, the analysis shows that the pair is testing the lower boundary to return to the ascending channel pattern, which, if remains within the channel, supports the bullish trend.FX Street2024-10-18

U.S. Dollar Retreats On Profit-Taking: Analysis For EUR/USD, GBP/USD, USD/CAD, USD/JPY

Forex traders take some money off the table after dollar's rally.FXEmpire2024-10-18

USD/CAD Price Forecast: Strives to break above 1.3800 on BoC dovish bets

The USD/CAD pair gathers strength to break above the immediate resistance of 1.3800 in Friday's North American session. The Loonie pair remains firm as the Canadian Dollar (CAD) weakens on expectations that the Bank of Canada (BoC) could announce a super-size interest rate cut of 50 basis points (bps) in its monetary policy meeting on Wednesday.FX Street2024-10-18

USD/CAD: Spreads remain a headwind – Scotiabank

The Canadian Dollar (CAD) is little changed against the USD, with spot holding close to 1.38 on the day. The CAD's slide against the USD steadied through mid-week which was not unexpected, given the extended and sustained drop seen since the start of the month, Scotiabank's Chief FX Strategist Shaun Osborne notes.FX Street2024-10-18

USD/CAD rises toward 1.3800 ahead of US Retail Sales data

USD/CAD gains ground due to solid US Dollar (USD), which could be attributed to the fading likelihood of further bumper rate cuts by the Federal Reserve (Fed) following strong US labor and inflation data. The USD/CAD pair trades around 1.3770 during the early European hours on Thursday.FX Street2024-10-17

U.S. Dollar Advances: Analysis For EUR/USD, GBP/USD, USD/CAD, USD/JPY

The better-than-expected Retail Sales report provided additional support to the American currency.FXEmpire2024-10-17

Midweek Technical Look – EURJPY, USDCAD, Gold

EURJPY in a wait-and-see mode ahead of ECB's rate decisionUSDCAD looks overbought after fast rally to two-month highGold starts a new bullish wave. Will it hit a new record high?XM2024-10-17