The USD/CAD pair rows initially during the day on Wednesday, testing the 1.26 handle. However, the crude oil inventory number came out, basically where we anticipated. Because of this, the market did not get much influence from...
USDCAD stays in a falling price channel on its 4-hour chart, indicate that the pair remains in the downtrend from 1.2778. As long as the price is in the channel, the downtrend could be expected to continue...
USDCAD remains in the short term downtrend 1.2778. Further decline to test 1.2413 support is still possible in the coming days. Near term resistance is at the top trend line of the price channel on its 4-hour...
The USD/CAD pair initially tried to reach above the 1.26 level during the day on Monday, but then pulled back about 50 pips to find support again. I think if we can break above the 1.26 level...
USDCAD stays below a bearish trend line on its 4-hour chart and remains in the downtrend from 1.2778. As long as the price is below the trend line, the downtrend could be expected to continue and next...
USDCAD is now in short term downtrend from 1.2778. Deeper decline to test 1.2413 support is possible in the coming days. A breakdown below this level will indicate that the downtrend from 1.3793 (May 5 high) has...
USDCAD moved sideways in a trading range between 1.2413 and 1.2778. Support is at 1.2413, a breakdown below this level will signal resumption of the downtrend from 1.3793, then next target would be at 1.2300, followed by...
The USD/CAD pair fell significantly during the day, struggling to find any type of stability. We have made a fresh, new low, so therefore looks as if we are going to continue to sell off. I look...
The USD/CAD pair fell during the session on Thursday, testing the 1.26 level underneath for support. A bounce from there should send the market higher, and so far we are seeing that happen. The market could then...
USDCAD is now in short term downtrend from 1.2778. Further decline would likely be seen and next target would be at 1.2535, followed by 1.2413. Resistance levels are at 1.2690 and 1.2778, only break above these levels...
