The USD/CAD pair fell during the shortened Monday trading during the Christmas Eve holiday. Looking this chart, we cannot help but notice that the 0.9950 level is significant resistance, while the 0.9800 level offers support.
USDCAD remains in downtrend from 1.0055, the rise from 0.9824 is likely correction of the downtrend. Another fall is still possible after correction, and a breakdown below 0.9824 could signal resumption f the downtrend. Resistance levels are...
The USD/CAD pair shot through the 0.99 handle during the session on Friday, but failed to close above the 0.9950 level which was our signal to start buying. Because of this, we would have this pair as...
The USD/CAD pair fell from the 0.99 resistance level during the Thursday session as we continue to bounce around in this consolidation box. It appears that we have a bottom at the 0.98, and the top and...
The USD/CAD pair initially fell during the Wednesday session, but as the date grew longer, we got more and more negative headlines out of Washington DC which push the Dollar higher.
The USD/CAD currency pair rose during the session on Tuesday, but remains consolidating between the 0.98 and 0.99 handles. We think this pair will be one of the most sensitive to the so-called “fiscal cliff”, and as...
The USD/CAD pair initially rose during the session on Monday, only to be turned back around at the 0.99 area. This market looks like its dead set on falling, and as such we are ready to begin...
USDCAD’s downward movement from 1.0055 extends to as low as 0.9824. Further decline could be seen after a minor consolidation, and next target would be at 0.9700 area. Resistance is at 0.9900, as long as this level...
The USD/CAD currency pair had a positive session on Friday after printing a hammer on both Wednesday and Thursday. The biggest problem of course is the fact that Monday and Tuesday so shooting stars!
The USD/CAD pair has been one that has been very interesting lately, as we broke down below a significant support level in the form of the 0.99 handle. However, since then we have seen is somewhat tentative...
