USDCAD Daily Analysis – April 19, 2019

by ForexCycle.com | April 19, 2019 2:24 am
USDCAD is facing 1.3402 resistance again, a break of this level could trigger further upside movement towards 1.3450. Near term support is at 1.3350, a breakdown below this level could bring the price back towards 1.3300.

USDCAD Daily Analysis – April 18, 2019

by ForexCycle.com | April 18, 2019 3:23 am
After touching 1.3283 support, USDCAD rebounded from 1.3274, suggesting that lengthier sideways movement is underway. Further rally would likely be seen in the a couple of days and the target would be at 1.3430 area.

USDCAD Daily Analysis – April 17, 2019

by ForexCycle.com | April 17, 2019 1:23 am
USDCAD failed to break above 1.3402 resistance and stayed in a trading range between 1.3283 and 1.3402. Another fall to test 1.3283 support would likely be seen in the coming days, a breakdown below this level could...

USDCAD Daily Analysis – April 16, 2019

by ForexCycle.com | April 16, 2019 2:12 am
USDCAD continued its sideways movement in a trading range between 1.3283 and 1.3402. Resistance is at 1.3402, a break of this level could trigger further upside movement to 13450 area. Support is at 1.3283, below this level...

USDCAD Daily Analysis – April 15, 2019

by ForexCycle.com | April 15, 2019 3:23 am
USDCAD moved sideways in a trading range between 1.3283 and 1.3402. Another fall to test 1.3283 support would likely be seen, a breakdown below this level could take the price to 1.3200 area. Resistance is at 1.3402,...

USDCAD Weekly Analysis – April 13, 2019

by ForexCycle.com | April 13, 2019 8:20 am
USDCAD continued its sideways movement in a trading range between 1.3250 and 1.3467. Another fall to test 1.3250 support would likely be seen next week, a breakdown below this level could trigger another fall towards 1.3000. Resistance...

USDCAD Daily Analysis – April 12, 2019

by ForexCycle.com | April 12, 2019 4:18 am
USDCAD broke above the falling trend line on the 4-hour chart, suggesting that the downside movement from 1.3450 had completed at 1.3283 already. Further rally could be expected after a minor consolidation and next target would be...

USDCAD Daily Analysis – April 11, 2019

by ForexCycle.com | April 11, 2019 3:13 am
USDCAD stays below a falling trend line on the 4-hour chart and remains in the downtrend from 1.3450. As long as the price is below the trend line, the downside movement could be expected to continue and...

USDCAD Daily Analysis – April 10, 2019

by ForexCycle.com | April 10, 2019 3:34 am
USDCAD extended its downside movement from 1.3450 to as low as 1.3283, breaking below 1.3295 support. Further decline could be expected after a minor consolidation and next target would be at 1.3200 area. Resistance is located at...

USDCAD Daily Analysis – April 9, 2019

by ForexCycle.com | April 9, 2019 2:50 am
USDCAD is facing 1.3295 support, a breakdown below this level could trigger further downside movement towards 1.3200 area. Near term resistance is at 1.3340, above this level could bring the price back towards 1.3402 resistance.