USDCAD is facing a bullish trend line on its daily chart. A clear break below the trend line support will suggest the upside movement from 1.2061 had completed at 1.2916 already, then deeper decline towards 1.2433 support...
The US dollar was slightly positive against the Canadian dollar during the Friday session, as we are testing the 1.27 level for resistance. On the short-term charts, it certainly looks as if we will continue to find...
The US dollar continues to drift lower against the Canadian dollar, as we are now testing the crucial 1.27 handle. This is an area where the buyers should return, it if they do it would be a...
USDCAD broke below 1.2700 support and extended its downside movement from 1.2916 to as low as 1.2666, facing the support of the bullish trend line on the daily chart. Near term resistance is at the falling trend...
The US dollar fell during the trading session on Wednesday, breaking below the 24-exponential moving average on the hourly chart against the Canadian dollar. We are testing the 1.27 level, and I think at this point that...
USDCAD is now facing 1.2700 support, a breakdown below this level could signal resumption of the short term downtrend from 1.2916, then next target would be at the bullish trend line on the daily chart. Near term...
The US dollar rallied significantly during the day on Tuesday, breaking above the 1.28 level in a surge higher. Crude oil markets now have to worry about a lack of demand according to OPEC, and that should...
USDCAD continues to trend higher and is moving above an ascending trend line connecting the lows on the 4-hour time frame. Price looks prime for another correction and the 50% level lines up with the trend line...
USDCAD broke above the falling trend line on the 4-hour chart, indicating that the short term downtrend from 1.2916 had completed at 1.2700 already. Further rally would likely be seen and a break of 1.2825 could take...
USDCAD is now in short term downtrend from 1.2916. Deeper decline is still possible after a minor consolidation and next target would be at the bullish trend line on the daily chart now at around 1.2625. Near...
