USDCAD broke below 1.2780 support, indicating that lengthier consolidation for the uptrend from 1.2061 (Sep 8 low) is underway. Range trading between 1.2600 and 1.2916 would likely be seen in the coming days. As long as 1.2600...
USDCAD stays above a bullish trend line on the daily chart and remains in the uptrend from 1.2061. As long as the price is above the trend line, the fall from 1.2916 could be treated as consolidation...
The US dollar went sideways initially during the session on Friday, but then broke down rather significantly as the Americans missed the expected jobs number. By doing so, this favored Canada, and we course rolled over. Even...
USDCAD moved sideways in a trading range between 1.2780 and 1.2916. As long as 1.2780 support holds, the sideways movement could be treated as consolidation of the uptrend from 1.2433, and another rise towards 1.3100 could be...
The US dollar went sideways against the Canadian dollar during the trading session on Wednesday, as we are just below the 1.29 level. That’s an area that looks to be somewhat resistive, but I think given enough...
USDCAD failed to breakout of 1.2916 resistance and pulled back to break below a bullish trend line on the 4-hour chart, suggesting that lengthier consolidation for the uptrend from 1.2433 is underway. Range trading between 1.2780 and...
The US dollar went sideways during the session on Tuesday, before shooting towards the 1.29 level. The market is in an uptrend, so I like buying dips as they appear. If we can break above the 1.29...
USDCAD failed in its attempt to break below the bullish trend line on the 4-hour chart and is now facing 1.2916 resistance. A breakout of this level could signal resumption of the uptrend from 1.2450, then next...
The US dollar continues to show signs of strength against the Canadian dollar, as we rallied slightly during the trading session on Monday. I believe that we will continue to go higher, but we are probably a...
USDCAD remains in the uptrend from 1.2450, the fall from 1.2916 is likely consolidation of the uptrend. Near term support is at the bullish trend line on the 4-hour chart, followed by 1.2780. As long as the...
