USDCAD’s upward movement was limited by the top trend line of the price channel on daily chart. Pullback to the bottom of the channel is possible over the next several weeks. However, a breakdown below 1.3600 support...
The USD/CAD pair went back and forth on Friday as we continue to grind just above the 1.37 handle. This is a market that should face what’s going on in the oil markets, which look to be...
The USD/CAD pair had a very rough session on Thursday, initially surging much higher, then pulling back drastically, only to bounce again to the highs, and then pulling back to show weakness yet again. This very violent...
USDCAD moved sideways in a trading range between 1.3641 and 1.3793. Support level is at 1.3641, a breakdown below this level will confirm that the upward movement from 1.3223 had completed at 1.3793 already, then next target...
The US dollar had a very eventful day against the Canadian dollar. This of course had a lot to do with what was going on in the crude oil markets, as WTI shot much higher. The market...
No changed in our view, USDCAD remains in downtrend from 1.3793, the rise from 1.3641 would possibly be consolidation of the downtrend. Another fall could be expected after the consolidation and next target would be at 1.3550...
USDCAD remains in downtrend from 1.3793, the rise from 1.3641 is likely consolidation of the downtrend. Another fall could be expected after the consolidation and next target would be at 1.3550 area. Resistance is at 1.3793, only...
The USD/CAD pair rallied significantly during the day on Monday, as oil markets fell apart. In fact, we tested the 1.37 level, but found resistance in that area. I believe that we could get a bit of...
USDCAD is now in downtrend from 1.3793. Further decline could be expected and next target would be at 1.3550 area. Resistance levels are at 1.3740 and 1.3793, only break above these levels could trigger another rise towards...
USDCAD has been trading inside an ascending channel on its long-term time frames and is currently testing resistance. If this holds, price could make a correction to support and the nearby Fib levels. In particular, the 61.8%...
