CAD Daily Updates

26 December 2017

Happy holidays! We'll be back after the New Year!

Updated 
Short term outlook
Bearish

As the Canadian dollar falls on US dollar strength, we are downgrading the currency to bearish in the short-term. Looking at various technical indicators on a daily chart of the Canadian dollar, the currency is now trading within normal conditions.  

Medium term outlook
Bearish

As the Canadian dollar falls on lower rate hike expectations and weaker crude oil, we are downgrading the currency to bearish in the medium-term. Looking at a weekly chart, the currency is trading within normal conditions. This is based on various technical indicators on the Canadian dollar currency index. 

Updated