The US dollar fell below the 1.26 level after initially tried to rally on Thursday. We found support below, and it now looks as if we are going to continue to “sell the rallies” in general. Because...
USDCAD remains in the downtrend from 1.3347, the bounce from 1.2540 could be treated as consolidation of the downtrend. Near term resistance is at the downward trend line on its 4-hour chart. As long as the trend...
USDCAD is facing an important support level at 1.2460 (May 2016 low). Near term resistance is at 1.2701, a break above this level could take price to the key resistance at 1.2770 a break of this level...
The USD/CAD pair fell slightly during the day on Tuesday to continue the overall downward trend. We did bounce later in the day, but I think that there is going to be a certain amount of resistance...
USDCAD’s bearish movement from 1.3347 extended to as low as 1.2580, facing an important support level at 1.2460 (May 2016 low). The first resistance level is at 1.2701, as long as this level holds, the bearish movement...
The USDCAD pair recently broke below the channel support and 1.2968 key support on its weekly chart, indicating that the long term bearish movement from the January 2016 high of 1.4689 has resumed. The pair extended its...
The US dollar tried to rally a bit at the open on Monday, but rolled over again. I believe this market will continue to sell the rallies, as the Canadian interest rate differential with the United States...
USDCAD continued its downward movement from 1.3347 and the fall extended to as low as 1.2627. Resistance is at 1.2770, as long as this level holds, further decline could be expected and next target would be at...
USDCAD’s bearish movement from 1.3347 extended to as low as 1.2639. Further decline is still possible after a minor consolidation and next target would be at 1.2500 area. Resistance is now at 1.2770, only a break above...
USDCAD continued its bearish movement from 1.3793 and the fall extended to as low as 1.2639. Resistance is located at the descending trend line on its daily chart. As long the pair is below the trend line,...
