USDCAD bounced off the ascending channel support around the 1.3100 area recently and is on its way to test resistance at 1.3300-1.3350. If this area holds as a ceiling, price could head back down for another test...
USDCAD’s rise from 1.3005 extended to as high as 1.3248. Further rise to test 1.3313 resistance could be expect after a minor consolidation. Support levels are at 1.3200 and 1.3160, as long as these levels hold, the...
The USD/CAD pair broke down during the course of the session on Wednesday, but found enough support near the 1.30 level below to turn things back around and form a massive hammer. Because of this, it looks...
USDCAD is trending higher on its long-term and short-term charts, moving inside an ascending channel on its 1-hour time frame. Price dipped below the channel support but spiked right back up, indicating that buyers are putting up...
USDCAD rebounded strongly from 1.3005, indicating that the downward movement from 1.3313 had completed. Further rally could be expected over the next several days, and next target would be at 1.3250 area. Support level are at 1.3070...
The USD/CAD pair fell initially during the course of the day but then turn right back around to form a bit of a hammer. By doing so, looks as if we are ready to start bouncing from...
USDCAD is now in downtrend from 1.3313. Further decline could be expected over the next several days, and next target would be at 1.2900 area. Resistance is at 1.3183, as long as this level holds, the downtrend...
The USD/CAD pair went back and forth during the course of the day on Monday, testing the 1.32 level above for resistance. That’s an area where the market has reacted several times, and the fact that we...
Being contained by the support of the price channel on 4-hour chart, USDCAD rebounded from 1.3101, indicating that the pair remains in uptrend from 1.2822. Further rise could be expected in a couple of days, and the...
USDCAD is testing the resistance of the top of the price channel on daily chart. A clear break above the channel resistance could bring price to 1.3600 zone. Support is at 1.3000, only break below this level...
