The USD/CAD pair initially fell during the session on Wednesday, but as you can see found support somewhere near the 1.0225 level. This formed a hammer, and it does in fact suggest that we are going to...
The USD/CAD pair rose during the session on Tuesday as the “risk off” trade came back into play. The move was in line with the recent bullishness that we have seen, and as a result we are...
The USD/CAD pair fell during the session after initially gapping higher on Monday, in reaction to the banking situation in Cyprus. However, we still maintain the thesis that this market needs to pull back to the 1.01...
USDCAD is facing the support of the lower line of the upward price channel on daily chart. As long as the channel support holds, the fall from 1.0341 could be treated as consolidation of the uptrend from...
The USD/CAD pair broke down a little bit during the Friday session, plunging below the 1.02 level. However, we think this market will find quite a bit of support just below at the 1.01 handle, and in...
The USD/CAD pair fell during the session on Thursday, as the US dollar fell against most currencies for the session. We have been waiting for a pullback in this pair, and it now looks like we could...
The USD/CAD pair had a positive showing during the Wednesday hours, bouncing off of the 1.0250 level yet again. This market has yet to pullback after the recent breakout from the 1.01 level, however we have seen...
USD/CAD had a relatively quiet session on Tuesday, as the range tightened. We are currently sitting just above the 1.0250 level, an area that has offered minor support lately. However, if you have been listening to our...
The USD/CAD pair fell during the session on Monday, but only slightly. We are still above the 1.0250 level, and as a result we haven’t even broken the bottom of the hammer from Friday. This hammer should...
USDCAD remains in uptrend from 0.9815, the fall from 1.0341 is likely consolidation of the uptrend. Another rise could be expected after consolidation, and next target would be at 1.0500 area. Support is at 1.0200, only break...
