The USD/CAD pair initially rallied during the course of the session on Wednesday, but turned around and found the 1.32 level be far too resistive. By doing so, we did up forming a negative candle, and if...
USDCAD is in downtrend from 1.3280, the rise from 1.3047 would possibly be correction of the downtrend. As long as 1.3280 resistance holds, the downtrend could be expected to resume, and another fall towards 1.3000 is possible....
The USD/CAD pair broke above the top of the hammer from the previous session on Tuesday, slamming into the 1.32 handle. This is an area that offers quite a bit of resistance but with the Crude Oil...
The USD/CAD pair initially fell during the day on Monday but turned right back around to form a nice-looking hammer. This was mainly due to the fact that the oil markets got a little bit of a...
USDCAD is facing 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...
The USD/CAD pair went back and forth during the course of the day on Friday, but ultimately settled on a slightly negative candle. I believe at this point in time we are going to continue to bounce...
After a major negative candle during the session on Wednesday, the USD/CAD pair bounced a bit as oil markets calmed down. Ultimately, oil markets are reacting to the possible OPEC output cut, and as a result there...
The USD/CAD pair rose during the course of the session on Wednesday, breaking above the 1.32 level significantly. However, we have to get above the top of the session for Tuesday, and once we get above there,...
USDCAD failed in its recent attempts to break past the 1.3250 minor psychological resistance and is moving closer to testing support at the 1.3000 mark. This could complete the formation of a double top pattern, with a...
USDCAD broke below 1.3130 support, indicating that the uptrend from 1.3000 had completed at 1.3280 already. Deeper decline to test 1.3000 support is possible in a couple of days, a breakdown below this level will indicate that...
