USDCAD remains in uptrend from 1.2968, the fall from 1.3534 is likely consolidation of the uptrend. Further rise is still possible after the consolidation, and next target would be at 1.3800 area. Support is at 1.3200, only...
USDCAD broke above 1.3300 resistance, indicating that the downward movement from 1.3455 had completed at 1.3223 already. Further rise could be expected after correction and next target would be at 1.3400 area. Support levels are at 1.3275...
The USD/CAD pair fell during the session on Wednesday, crashing into the 1.3250 level. The market has been consolidating for some time, and the market looks as if it is trying to test that support area. If...
USDCAD broke below 1.3264 support. Further decline is still possible after a minor consolidation and next target would be at 1.3150 area. Near term resistance is at 1.3300, as long as this level holds, the downtrend will...
The USD/CAD pair went back and forth during the day on Tuesday, testing the 1.33 region. The oil markets were extraordinarily volatile, and that was the main culprit of the currency pair being so choppy. The 1.33...
USDCAD remains in downtrend from 1.3455. Further decline is possible in a couple of days, and next target would be at 1.3200 area. Resistance is at 1.3380, as long as this level holds, the downtrend will continue.
The US dollar went back and forth on Monday, as we continue to chop around the consolidation area that the market has been trading in for several weeks. I still believe that the US dollar has plenty...
USDCAD is now in downtrend from 1.3455. Further decline could be expected in a couple of days and next target would be at 1.3200 area. Resistance is at 1.3380, as long as this level holds, the downtrend...
USDCAD moved sideways in a trading range between 1.3264 and 1.3534. The sideways movement is likely consolidation of the short term uptrend from 1.2968 and further rise to 1.3800 area is possible after the consolidation. On the...
The USD/CAD pair initially fell on Friday but found enough support to turn the market completely around and form a massive hammer. This hammer suggests that we are going to go higher, perhaps reaching towards the 1.35...
