USDCAD broke below the ascending price channel on daily chart, indicating that the upward movement from 1.2968 had completed at 1.3534 already. Another fall to 1.2900 area would likely be seen over the next several weeks. Resistance...
USD/CAD daily chart, April 03, 2017 The USD/CAD pair initially tried to rally during the day but turned around and broke towards the 1.33 level underneath. The oil markets continue to show signs of strength, and that...
USD/CAD daily chart, March 30, 2017 The USD/CAD pair did very little during the day on Wednesday, which was a bit surprising considering that the oil markets took off to the upside after the EIA announcement. Because...
After touching 1.3409 resistance, USDCAD pulled back to 1.3330, indicating that lengthier sideways movement is underway. The 1.3264 support would be tested, and a breakdown below this level will signal resumption of the downtrend from 1.3535, then...
USD/CAD daily chart, March 29, 2017 The USD/CAD pair initially tried to rally during the session on Tuesday but found enough resistance at the 1.34 handle above to turn around. Oil rallied, so that helps the Canadian...
USDCAD broke above 1.3409 resistance, indicating that the downtrend from 1.3535 had completed at 1.3264 already. Further rise could be expected in a couple of days and next target would be at 1.3500 area.
USD/CAD daily chart, March 28, 2017 The USD/CAD pair initially fell during the day on Monday, but found enough support near the 1.33 level to turn things around and form a positive candle. A break above the...
USDCAD is facing 1.3409 resistance, a break of this level will confirm that the downtrend from 1.3535 had completed at 1.3264 already, then the following upward movement could bring price to 1.3600 area. On the other side,...
USDCAD moved sideways in a trading range between 1.3264 and 1.3409. Resistance is at 1.3409, a break of this level will confirm that the downtrend from 1.3535 had completed at 1.3264 already, then the following upward movement...
USD/CAD daily chart, March 27, 2017 The US dollar rallied against the Canadian dollar on Friday, as we continue to press to the upside. Pay attention oil, looks as if it is very vulnerable and if that’s...
