USDCAD remains in downtrend from 1.3598, the rise from 1.3178 could be treated as consolidation of the downtrend. Resistance is at 1.3340, as long as this level holds, the downtrend could be expected to continue, and next...
USDCAD has been trending higher on its long-term time frames, moving inside an ascending channel that has held for the most part of 2016. Price is currently testing the channel support and could be due for a...
USDCAD stays in the upward price channel on daily chart, and remains in uptrend from 1.2460. As long as the channel support holds, the price action from 1.3588 could be treated as consolidation of the uptrend. Further...
The USD/CAD pair fell hard on Thursday, as we continue to see quite a fair amount of negative pressure in this market. However, I see quite a bit of support on the uptrend line that we have...
USDCAD continued its downward movement from 1.3598, and the fall extended to as low as 1.3191. Near term resistance is at 1.3340, as long as this level holds, the downtrend will continue, and next target would be...
USDCAD’s downward movement from 1.3598 extended to as low as 1.3281. Further decline is still possible after a minor consolidation, and next target would be at 1.3150 area. Resistance is at 1.3390, as long as this level...
The US dollar had a choppy session against the Canadian dollar on Tuesday as traders continue to come back from the holiday season. We are currently testing the 1.34 level for support, and finding it. I also...
USDCAD broke below 1.3471 support, indicating that the uptrend from 1.3080 had completed at 1.3598 already. Deeper decline could be expected, and the target would be at 1.3300 area. Resistance is at 1.3500, only break above this...
The USD/CAD pair fell on Thursday, testing the 1.35 handle. This is an area that previously has been resistive, so it should now be supported. I think at this point it’s only a matter of time before...
The USD/CAD pair initially went higher on Wednesday, but turned around to form a shooting star. This is not a surprise, as we have the Crude Oil Inventories announcement coming out today, so that will obviously influence...
