After touching 1.3188 resistance, USDCAD pulled back into the trading range between 1.2460 and 1.3250, indicating that the pair remains in downtrend from 1.4689, and the price action from 1.2460 could be treated as consolidation of the...
The USD/CAD pair initially fell during the course of the day but turned right back around to favor the US dollar. With this, the market looks as if it is trying to bounce around and build up...
The USD/CAD pair broke higher during the course of the day on Wednesday, as we continue to grind around the 1.32 level. A break above the top of the range for the last couple of days is...
The USD/CAD pair went back and forth during the course of the session, pulling back in order to find buyers, meaning that we should continue to go higher given enough time. After all, the oil markets are...
USDCAD recently made an upside breakout from its symmetrical triangle pattern, signaling that buyers have taken control of price action. However, the rally was cut short at the 1.3200 area and a correction seems to be taking...
The USD/CAD pair broke higher during the course of the session here on Monday, slicing through the 1.32 level. Now that we broke above there, and the fact that the oil markets are looking soft, I believe...
USDCAD formed lower highs and higher lows in the past few weeks since late May, creating a symmetrical triangle pattern on its 4-hour time frame. Price has broken above the triangle resistance, indicating that buyers are gaining...
The USD/CAD pair broke higher during the course of the session on Friday, as we have shown quite a bit of bullish pressure and not only the US dollar, but also we have seen quite a bit...
USDCAD is testing 1.3188 resistance, a break of this level will indicate that the uptrend from 1.2460 has resumed, then next target would be at 1.3600 area. On the downside, a breakdown below 1.2800 support could bring...
The US dollar initially fell against the Canadian dollar during the day on Thursday but turned around to form a bit of a hammer. The hammer suggests that we are going to go higher from here but...
