The USD/CAD pair initially tried to rally during the course of the day on Monday, but turn right back around and form a bit of a shooting star. Ultimately, this is a market that looks likely to...
Being contained by 1.3147 resistance, USDCAD pulled back from 1.3123. However another rise to test 1.3147 resistance is still possible after a minor consolidation. Support is at 1.2980, only break below this level could bring price back...
USDCAD failed to break below 1.2763 support and rebounded strongly from 1.2822. Further rise to test 1.3147 resistance is possible in a couple of days. A break of this level will signal resumption of the uptrend from...
USDCAD moved sideways in a price channel on daily chart. As long as 1.2654 key support holds, the price action in the channel could be treated as consolidation of the uptrend from 1.2460, and further rise to...
The US dollar rose against the Canadian dollar during the course of the day on Friday, breaking above the 1.30 level. If we can break above the top of the candle during the day, it shows quite...
The USD/CAD pair went back and forth during the course of the day on Thursday, forming a relatively neutral candle. This is a market that I think will continue to be very choppy, but we do have...
USDCAD remains in downtrend from 1.3147, the rise from 1.2822 could be treated as consolidation of the downtrend. Further decline to test 1.2763 support is still possible after consolidation. Resistance is at 1.2970, only break above this...
The USD/CAD pair bounced during the course of the day on Wednesday, showing little bits of life, but at this point in time this is most certainly a very negative market overall, as the 1.30 level above...
USDCAD’s downward movement from 1.3147 extended to as low as 1.2826. Further decline to test 1.2763 support could be expected. Resistance is at 1.2925, only break above this level could signal completion of the downtrend.
The USD/CAD pair continues to fall, as we see quite a bit of pressure on the us dollar in this pair. However, keep in mind that the Bank of Japan has an interest rate announcement coming out,...
