The US dollar went sideways against the Canadian dollar initially during the Friday session, but as the jobs numbers came out for both countries, this created a bit of a vacuum in this currency pair. The US...
After breaking above the top trend line of the price channel on the 4-hour chart, USDCAD moved sideways in a trading range between 1.2912 and 1.3014, suggesting that consolidation for the downtrend from 1.3347 is underway. Further...
The US dollar initially tried to rally against the Canadian dollar again on Thursday, but found the 1.30 level to be a bit too strenuous to overcome. Because of this, we drove down to the 1.2930 level,...
Bank of Canada will have a meeting on July 12 to decide the interest rate. USDCAD has declined due to recent comments made by top Bank of Canada officials which seem to suggest that interest rates could be...
The USD/CAD pair rallied on Wednesday, crashing into the 1.30 level. A lot of this must do with the oil market rolling over, as the Russian suggested that they would not be willing to cut production, and...
USDCAD’s bearish movement from the May 5 high of 1.3793 extended to as low as 1.2912, breaking below the January 31 low of 1.2968 key support, indicating that the long term bearish movement from the January 2016...
The US dollar went sideways initially during the day on Tuesday, hugging the 1.30 level. A breakdown below there should then show selling opportunities going forward. I believe that short-term rallies should continue to be selling opportunities,...
After consolidation, USDCAD continued its bearish movement from 1.3347 and the fall extended to as low as 1.2912. Near term resistance is at the top trend line of the price channel on its 4-hour chart. As long...
The US dollar rallied against the Canadian dollar during Monday, breaking above the 1.30 level. This is a bullish sign, as the 1.30 level needed to hold to keep hopes of bullish pressure alive. Remember that the...
USDCAD stays in the bearish price channel on its 4-hour chart and remains in downtrend from 1.3347. As long as the pair is in the channel, the bounce from 1.2946 could be treated as consolidation of the...
