USDCAD has formed lower highs and lower lows recently, creating a falling wedge chart pattern visible on the 4-hour chart. Price is currently testing the wedge resistance and may be due for a move back to support....
USDCAD broke above 1.3168 resistance, indicating that the downtrend from 1.3387 had completed at 1.2968 already. Further rise could be expected in a couple of days, and the target would be at 1.3300 area.
The US dollar rallied against the Canadian dollar during the session on Monday, slicing through the 1.31 handle. Because of this move, I believe that the US dollar will continue to pick up against the Canadian dollar...
USDCAD remains in downtrend from 1.3387, the rise from 1.2968 is likely consolidation of the downtrend. Resistance is at 1.3168, as long as the pair stays below this level, the downtrend could be expected to resume, and...
USDCAD moved sideways in a range between 1.2968 and 1.3102. Further decline could be expected as long as the pair is below 1.3102 resistance, and next target would be at 1.2800 area. Key resistance is at 1.3168,...
USDCAD broke below the upward price channel on daily chart and 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...
The USD/CAD pair initially tried to rally during the day on Friday, but found enough resistance to turn things around and reach below the 1.30 level. If we can make a fresh, new low, then I believe...
The USD/CAD pair fell initially on Thursday, but found enough support underneath the 1.30 level to form a hammer. This makes quite a bit of sense, because we the jobs number coming out today and it would...
USDCAD remains in downtrend from 1.3387, the rise from 1.2968 is likely consolidation of the downtrend. Key resistance is at 1.3168, as long as this level holds, the downtrend could be expected to continue, and next target...
The US dollar sliced through the 1.30 level against the Canadian dollar during the session on Tuesday, but bounced enough to show signs of life. However, today we get the Crude Oil Inventories announcements coming out of...
