The USD/CAD pair broke higher during the course of the session on Monday, as we approached the 1.31 level. With this, the market looks as if it is ready to continue going higher. A break above the...
USDCAD’s rise from 1.2831 extended to as high as 1.3279. However, the rise would possibly be correction of the downtrend from 1.3456, another fall to 1.2500 area to complete the downward movement is possible. Near term resistance...
The USD/CAD pair initially tried to rally during the course of the session on Friday, but turned back around to form a fairly negative candle. Because of this, there is a significant downward pressure on this market,...
The USD/CAD pair fell during the day on Thursday, as the markets continue to show quite a bit of volatility. However, we have seen quite a bit of support just below, so we feel it’s only a...
The USD/CAD pair fell rather hard during the course of the day on Wednesday, but this was more or less in reaction to the oil markets shooting much higher. The 1.31 level below offered support, and we...
The USD/CAD pair broke higher during the course of the day on Tuesday, clearing the 1.32 handle. The impulsive candle is based upon not only the US dollar strengthening in general, but the fact that the oil...
The USD/CAD pair went back and forth during the day on Monday, with a fairly negative tone. However, the 1.31 level offered enough support to turn things back around and form a bit of a hammer. Because...
USDCAD is in downtrend from 1.3456, the rise from 1.2831 is likely correction of the downtrend. Another fall could be expected after correction, and the target would be at 1.2500 area. Resistance is at 1.3456, only break...
The USD/CAD pair initially fell during the course of the session on Friday, but then turned back around to form a massive bullish candle. With that being the case, we feel that the market pulling back should...
The USD/CAD pair went back and forth during the course of the session on Thursday, essentially settling on a neutral candle. Because of this, we think that the market will more than likely try to go higher,...
