USDCAD’s downward movement from 1.3211 extended to as low as 1.3009. Further decline to test 1.2968 support is possible in a couple of days. Resistance is at 1.3120, a break of this level will indicate that the...
The USD/CAD pair initially tried to rally during the day on Wednesday, but found the 1.31 level to be a bit too resistive. We turned around, and I believe this signifies that we’re going to bounce around...
USDCAD remains in uptrend from 1.2968, the fall from 1.3211 is likely correction of the uptrend. As long as 1.2968 support holds, the uptrend could be expected to resume, and further rise to 1.3300 area is possible...
USDCAD’s downward movement from 1.3211 extended to as low as 1.3062. However, the fall would possibly be correction of the uptrend from 1.2968, and another rise towards 1.3300 could be expected after correction.
USDCAD is now in downtrend from 1.3598. Further decline could be expected over the next several weeks, and next target would be at 1.2600 area. Resistance is at 1.3387, only break above this level could signal completion...
The USD/CAD pair broke down during the day on Friday, slicing through the 1.31 handle. The weekly candle looks a bit soft as well, so I think we are going to reach towards the 1.30 level underneath...
The US dollar went back and forth against the Canadian dollar during the Thursday session, testing the 1.31 level for support in finding it. I believe that if we can break above the top of the range...
The US dollar fell a bit against the Canadian dollar, but still has a significant amount of support just below current trading levels. Because of this, I believe that it is only a matter of time before...
USDCAD remains in uptrend from 1.2968, the fall from 1.3211 is likely consolidation of the uptrend. Further rise is still possible after consolidation, and next target would be at 1.3300 area.
The USD/CAD pair rallied during the day on Tuesday, breaking above the 1.31 handle again. In fact, we reached all the way to the 1.32 handle, and with the Crude Oil Inventories number coming out during the...
