The US dollar fell initially during the session on Thursday against the Canadian dollar, but the OPEC announcement came out today that the production cuts have been extended by 9 months. While this is something that the...
USDCAD stays in a bearish price channel on 4-hour chart and remains in downtrend from 1.3793. As long as the pair is in the channel, the rise from 1.3387 could be treated as consolidation of the downtrend...
USDCAD broke below the support trend line of the price channel on 4-hour chart and continued its downward movement from 1.3793. Further decline could be expected and next target would be at 1.3300 area. Near term resistance...
The USD/CAD pair fell during the session on Tuesday, breaking below the 1.35 level again. The oil markets have seen a significant amount of buying pressure, and with the OPEC meeting coming later this week, this pair...
USDCAD moved in a bearing price channel on 4-hour chart and just bounces off the bottom support trend line. Further rally is possible and the target would be at the top resistance trend line. However, as long...
The USD/CAD pair had a volatile session on Monday as we initially tried to rally but then turned around to fall significantly below the 1.35 level. This pair of course is highly influenced by of the crude...
USDCAD’s bearish movement from 1.3793 extended to as low as 1.3483. Further decline is still possible after consolidation and next target would be at 1.3400 area. Resistance is at the falling trend line on 4-hour chart, only...
USDCAD remains in bearish movement from 1.3793 and the fall extended to as low as 1.3508. Further decline could be expected and next target would be at around 1.3450. Near term resistance is at the falling trend...
Under pressure by the top of the price channel on daily chart, USDCAD pulled back from 1.3793 and the fall extended to as low as 1.3508. Further decline could be expected in a couple of weeks and...
The USD/CAD pair broke down significantly during the day on Friday, slicing below the 1.36 handle. This was driven mainly because of the oil markets rallying, and breaking above the significant $50 level. On the longer-term charts,...
