USDCAD is now in downtrend from 1.2598. Further decline would likely be seen in the coming days. The pair is expected to test 1.2433 support, below this level could signal resumption of the downtrend, then next target...
USDCAD is forming a sideways movement in a trading range between 1.2061 and 1.2778. As long as 1.2778 key resistance holds, the sideways movement could be treated as consolidation of the downtrend from 1.3793 and another fall...
The US dollar went sideways against the Canadian dollar initially during the session on Friday, reaching towards the 1.25 handle. This is an area that will continue to attract a lot of attention, as it is a...
The US dollar went sideways initially on Thursday, did the bid, and then rallied towards the 1.25 handle. That area offered resistance, and the market started to roll over. I find this interesting considering that the oil...
USDCAD broke below the bullish price channel on the 4-hour chart and is now in downtrend from 1.2598. Further decline would likely be seen in the coming days and next target would be at 1.2300, followed by...
USDCAD broke below 1.2448 key support, indicating that the uptrend from 1.2601 had completed at 1.2598 already. Further decline could be expected and next target would be at 1.2300, followed by 1.2061. Near term resistance is at...
USDCAD broke below the bottom of the price channel on the 4-hour chart. Further fall to test 1.2448 support would likely be seen. Below this level would indicate that the upside movement from 1.2061 had completed at...
The US dollar went sideways in general during the day on Monday, trying to break above the 1.2550 level. By doing so, the market looks likely to continue to try to reach towards the upside, but I...
USDCAD is now facing the bottom support trend line of the price channel on its 4-hour chart. Below the channel support could take price to 1.2448 key support level. A breakthrough would indicate that the uptrend from...
USDCAD continues to head north and is trading inside an ascending channel on its 1-hour time frame. This channel has held since the start of September and another test of support is underway. Applying the Fibonacci retracement...
