After a sideways consolidation, USDCAD broke out of 1.2598 resistance and continued its upside movement from 1.2061, and the rise extended to as high as 1.2640. The key support remains at 1.2433, as long as this level...
USDCAD’s bounce from 1.2061 extended to as high as 1.2630. Further rise to test 1.2778 resistance is possible next week. Above this level could indicate that the downtrend from 1.3793 had completed at 1.2061 already, then next...
The US dollar initially trying to bounce around the 1.25 handle, but eventually saw a massive amount of bullish pressure to reach towards the 1.26 handle. We did break above there, and that is a very bullish...
USDCAD is facing the key support at 1.2433. A breakdown below this level will indicate that the upside movement from 1.2061 had completed at 1.2598 already, then the following downside movement could bring price back to next...
The US dollar initially tried to rally on Wednesday, bouncing from the 1.25 level. However, we turned around and fell rather significantly, perhaps helped by a stronger than anticipated drop in US inventories in the crude oil...
USDCAD moved sideways in a trading range between 1.2433 and 1.2598 and is now facing the key support level at 1.2433. A breakdown below this level will indicate that the uptrend had completed at 1.2598 already, then...
USDCAD previously broke below its ascending channel formation then pulled up for a retest, creating a head and shoulders pattern visible on the 4-hour time frame. Price has yet to complete the right shoulder and test the...
USDCAD failed to breakout of 1.2598 resistance and stayed in the trading range between 1.2433 and 1.2598. Another fall to test 1.2433 support would likely be seen. A breakdown below this level will indicate that the uptrend...
The US dollar initially went sideways against the Canadian dollar on Monday, but then shot through the 1.25 handle. Ultimately, the markets did show a lot of volatility later in the day, but what I find interesting...
USDCAD moved sideways in a trading range between 1.2433 and 1.2598. A breakdown below 1.2433 will confirm that the upside movement from 1.2061 had completed at 1.2598 already, then the pair would find next support at 1.2300,...
