The USD/CAD pair broke down during the course of the day on Monday, slamming into the 1.29 handle. By doing so, we ended up testing the support that one would expect there due to the action a...
USDCAD broke below the bottom of the price channel on 4-hour chart. However the fall from 1.3147 would possibly be correction of the uptrend from 1.2763. Another rise towards 1.3500 is still possible after correction.
The USD/CAD pair broke down during the course of the day on Friday, after we got a less than anticipated jobs number. I had suggested during the video yesterday that if we broke down below the bottom...
No changed in our view, USDCAD is in uptrend from 1.2460. The price action from 1.3188 is treated as consolidation of the uptrend. Further rise to 1.3600 area to complete the upward movement could be expected after...
The USD/CAD pair initially tried to rally during the course of the day on Thursday, but turn right back around to form a shooting star yet again. We had done the same thing on Wednesday, so looks...
USDCAD has been on a strong rally but seems to be encountering resistance near the 1.3150 minor psychological level, opening the opportunity for a pullback. Applying the Fib tool on the latest swing low and high on...
The US dollar rose against the Canadian dollar during the day on Wednesday, as the Crude Oil Inventories number came out much more bearish than anticipated. With that being the case, it’s likely that the Canadian dollar...
USDCAD’s upward movement from 1.2763 extended to as high as 1.3112. Further rise could be expected after a minor consolidation, and next target would be at 1.3200 area. Support is at 1.3000, as long as this level...
The USD/CAD pair broke higher during the course of the session on Tuesday, breaking well above the previous uptrend line. With that being the case, the market looks as if it is trying to go much higher,...
USDCAD is still moving inside an ascending channel on its daily and 4-hour time frame, but price is nearing the top of the formation so a selloff might be due. This resistance is located around the 1.3250...
