I think later this week's US CPI news will determine whether or not there will be further bearish decline below 1.2000. The pair is moving about aimlessly by the looks of it. It needs a sense of direction so this week's red news will provide that.

USD/CAD

There's no precedent of having two hurricanes of Harvey and Irma's intensity hitting two economically critical centers of this country within weeks of each other, so you can't use historical references of past hurricane landfalls to predict there ...

USD/CAD

Not if the unemployment numbers resulting from both hurricane impacts start a downward vicious cycle of self-fulfilling prophecy. This one-two punch of disasters might actually be the trigger leading to the next American recession.

USD/CAD

Guys, don't forget Hurricane Irma coming to lay waste to Florida's economy. Unemployment numbers will be horrible next week or two - may be a while before they recover. The US dollar has plenty of reasons to keep falling.

USD/CAD

The drop is coming. It's a matter of when not if.

USD/CAD

You're making the case that there is likely to be a retracement before any further southward move. That may be so but it also may not be the case - in that scenario, it drops like a rock through 1.20 and keeps going. There are moments where ...

USD/CAD

Not necessarily. It can keep dropping like a rock - if the CAD news tomorrow comes very strongly. It's happened before with this pair. Look back to April 2003 where it broke through a major support and didn't look back.

USD/CAD

Hitting below 1.20 can mean 1.1999 temporarily before going back up for a retracement.

USD/CAD

Plenty of momentum to the downside on the daily timeframe. There may be some pullbacks coming but I think it'll go all the way down to 1.16 or even 1.10. They're still talking about BoC doing another interest rate hike and you've got the government ...

USD/CAD

Insane... I don't think I've ever seen a spike that quick in this pair ever.

USD/CAD