USDCAD stays in the trading range between 1.3164 and 1.3308. As long as 1.3308 resistance holds, the price action in the range could be treated as consolidation of the downtrend from 1.3537 and further fall to 1.3050...
USDCAD is forming sideways movement in a trading range between 1.3164 and 1.3308. Near term resistance is at 1.3308, a break through this level could take price to test the key resistance level at 1.3350. As long...
USDCAD broke below the bottom trend line of the bullish price channel on its daily chart, indicating that the uptrend from 1.2968 had completed at 1.3793 already. The pair is now in downtrend, as long as the...
The USD/CAD pair fell during most of the session on Friday as well got a little bit of a relief rally. However, we don’t see on this hourly chart is that we are approaching the uptrend line...
The USD/CAD pair initially tried to fall during the day on Thursday, but found enough support to turn around and go looking towards the 1.33 handle. A break above there will be a very bullish sign, suggesting...
USDCAD broke above 1.3300 resistance, indicating that consolidation of the downtrend from 1.3793 is underway. Range trading between 1.3164 and 1.3350 would likely be seen over the next several days. As long as 1.3350 resistance holds, the...
The US dollar fell against the Canadian dollar again during the session on Wednesday, breaking below the 1.32 level. However, there are a lot of concerns when it comes to betting against the US dollar when it...
USDCAD remains in downtrend from 1.3537, the bounce from 1.3164 is likely consolidation of the downtrend. Resistance is at 1.3300, as long as this level holds, the downtrend could be expected to continue and next target would...
The USD/CAD pair fell apart during the session on Tuesday again, reacting to comments coming out of Bank of Canada member Carolyn Wilkins, suggesting that perhaps the Canadian central bank will have to taper off a quantitative...
USDCAD is now in downtrend from 1.3537, and the fall extended to as low as 1.3211. Near term resistance is at 1.3300, as long as this level holds, the downtrend could be expected continue and next target...
