After breaking below the May 2016 low of 1.2460 support, USDCAD rebounded strongly from 1.2413 and moved above the bearish trend line on its daily chart. However, the bounce from 1.2413 would possibly be consolidation of the...
The USD/CAD pair fell significantly during the session on Wednesday at the open, but the 1.27 level has been offering a bit of support. At this point, I would anticipate that the buyers may return to the...
USDCAD broke below 1.2650 support, indicating that the short term uptrend from 1.2413 had completed at 1.2778 already. Further decline to test 1.2413 previous low support is possible in the coming days. Resistance levels are at 1.2690...
The US dollar rallied significantly during the Tuesday session against the Canadian dollar, as we continue to see bearish pressure on the oil markets. Because of this, I believe that the market is going to continue the...
After consolidation, USDCAD broke above 1.2752 resistance and continued its bullish movement to as high as 1.2778. Key support is at 1.2650, as long as the price is above this level, the upside movement could be expected...
USDCAD failed to break below 1.2650 support and is now facing 1.2752 resistance. A break of this level will signal resumption of the uptrend from 1.2413, then next target would be at 1.2800 area. On the downside,...
The US dollar rallied against the Canadian dollar initially during the day on Monday, but found the area above the 1.27 level to be a bit too resistive. We formed a shooting star for the week from...
USDCAD broke below the bullish support trend line on its 4-hour chart and is now facing 1.2650 key support. A breakdown below this level will indicate that the short term uptrend from 1.2413 had completed at 1.2752...
USDCAD moved above the bearish trend line on its daily chart, indicating that correction for the downtrend from 1.3793 is underway. Range trading between 1.2413 and 1.2900 would likely be seen over the next several weeks. Support...
The US dollar fell against the Canadian dollar on Friday, slicing through the 1.27 level again. The market is taking a bit of a break after several attempts to the upside, and I think that a pullback...
