USDCAD formed a sideways movement in a range between 1.3387 and 1.3540. As long as 1.3540 resistance holds, the price action in the trading range could be treated as consolidation of the downtrend from 1.3793 and further...
The USD/CAD pair rose during the day after initially drifting a little bit lower on Tuesday but found the 1.35 level to be resistive. By running into that resistance, it sets up a very interesting potential trade...
USDCAD broke above the top resistance trend line of price channel on the 4-hour chart, indicating that lengthier consolidation for the downtrend from 1.3793 is needed. Range trading between 1.3387 and 1.3540 could be seen in a...
USDCAD has reached the bottom trend line of the ascending price channel on its daily chart which acts as support for the upside movement. As long as the price is above the bottom trend line, the pair...
The USD/CAD pair was slightly negative during the day on Monday, but is starting to find support near the 1.3425 handle. The market has been in a downtrend for some time, and of course is driven heavily...
USDCAD broke out of the resistance trend line of the price channel on 4-hour chart. Further rally to test 1.3540 resistance is possible. As long as the price is below this level, the rise from 1.3387 could...
USDCAD has pulled back from its rally to the 1.3785 area to test the Fibonacci retracement levels visible on its daily chart. This lines up with a former resistance level at the 1.3400 area that might now...
USDCAD remains in downtrend from 1.3793, the rise from 1.3387 is likely consolidation of the downtrend. Near term resistance is at the top trend line of the price channel on the 4-hour chart. As long as the...
USDCAD is facing the support of the bottom trend line of the price channel on the daily chart. A clear break out of the channel support will indicate that the upside movement from 1.2968 had completed at...
The USD/CAD pair had a volatile session as we fell during Friday’s trading. However, there is a certain amount of choppiness in this pair as it is highly influenced by crude oil markets, which of course have...
