Search investingLive
Home
Technical Analysis
USDCAD up sharply on the week and runs away from broken resistance. What next?

USDCAD up sharply on the week and runs away from broken resistance. What next?

Technical Analysis
Greg Michalowski
12/04/2024 | 16:42 GMT
  • The USDCAD extends to highest level since November 2023

The USDCAD is up sharply this week. The catalyst has been USD focused as the Fed moves away from 3 cuts and/or at least delaying the first cut.

Most Popular

Top Brokers

Sponsored

General Risk Warning
investingLive Premium
Telegram Community
Gain Access
View more

AI stocks like NVDA ($4.5T mkt cap) shed $150B. TSLA down 10%. BTC dips 3%. Rate cut odds halved. Bubble fears rise.

Telegraph
3m ago

AI trade: bubble or boom? Some sectors soar, others face power constraints. Entry-level jobs see 13% decline.

YahooFinance
8m ago

GBP is taking a hit after the report that Starmer is going to drop plan to hike tax rates. FT: UK prime minister and chancellor have 'ripped up' earlier proposals to raise the basic and higher income tax rates, officials have said

GBP is taking a hit after the report that Starmer is going to drop plan to hike tax rates. FT: UK prime minister and chancellor have 'ripped up' earlier proposals to raise the basic and higher income tax rates, officials have said
investingLive Exclusive
10m ago

US media report Trump preparing to back down on some tariffs in order to lower food prices New York Times report

investingLive Exclusive
16m ago

UK PM Starmer and fin min Reeves drop plan to hike income tax rates Financial Times reporting

investingLive Exclusive
17m ago

BofA flags 16 undervalued stocks, trading >10% off highs, for AI rotation. Watch for growth potential!

Investopedia
20m ago

US strikes trade deals with 4 nations, eyeing tariff cuts on agri/industrial goods. Watch for shifts in import/export valuations.

Associated Press Finance
22m ago
investingLive Premium
Telegram Community
Gain Access

Top Brokers

Sponsored

General Risk Warning

Must Read

Follow Us

High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading and seek advice from an independent financial or tax advisor if you have any questions.

Advisory warning: investingLive is not an investment advisor, investingLive provides references and links to selected news, blogs and other sources of economic and market information for informational purposes and as an educational service to its clients and prospects and does not endorse the opinions or recommendations of the blogs or other sources of information. Clients and prospects are advised to carefully consider the opinions and analysis offered in the blogs or other information sources in the context of the client or prospect's individual analysis and decision making. None of the blogs or other sources of information is to be considered as constituting a track record. Past performance is no guarantee of future results and investingLive specifically hereby acknowledges clients and prospects to carefully review all claims and representations made by advisors, bloggers, money managers and system vendors before investing any funds or opening an account with any Forex dealer. Any news, opinions, research, data, or other information contained within this website is provided on an "as-is" basis as a general market commentary and does not constitute investment or trading advice, and we do not purport to present the entire relevant or available public information with respect to a specific market or security. investingLive expressly disclaims any liability for any lost principal or profits which may arise directly or indirectly from the use of or reliance on such information, or with respect to any of the content presented within its website, nor its editorial choices.

Disclaimer: investingLive may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.

© 2025 Finance Magnates CY Limited — Part of Ultimate Group

Read our Terms, Cookies and Privacy Notice

Manage Cookies
!"#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|} !"#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|}