USDCAD broke above the top of the price channel on daily chart, indicating that the downtrend from 1.2835 had completed at 1.1919 already. Further rise could be expected, and next target would be at 1.2650 area. Support...
The USD/CAD pair broke higher during the course of the session on Friday, breaking above the top of the resistance at the 1.2250 level. With that being the case, the market looks as if it is ready...
The USD/CAD pair broke down rather significantly over the course of the last couple of months, and on Wednesday formed a shooting star. What’s interesting about the shooting started is that it is right where you would...
The USD/CAD pair broke higher during the course of the day on Monday, showing a very strong bounce. However, we are not free and clear yet, and therefore we are a bit hesitant to start buying quite...
USDCAD’s downward movement from 1.2835 extended to as low as 1.1919. Further decline could be expected over the next several weeks, and next target would be at 1.1500 area. Resistance is at the top of the price...
The USD/CAD pair tried to break higher during the course of the day on Friday, and did manage to close above the 1.20 level. However, we ended up forming a shooting star which of course is a...
The USD/CAD pair fell significantly during the session on Wednesday, and even broke below the 200 day exponential moving average. Because of this, it now seems as if the market is ready to continue going lower. If...
The USD/CAD pair broke down during the course of the day on Tuesday, slicing through the 1.20 handle. This is an area that has been massively supportive, and is also the 38.2% Fibonacci retracement from the entire...
The USD/CAD pair initially fell during the day on Monday, but did slow down a bit. We still see a significant amount of support at the 1.20 level, and of course the 200 day exponential moving average...
USDCAD continued its downward movement from 1.2835, and the fall extended to as low as 1.1939. Near term resistance is at the top of the price channel on daily chart, as long as the channel resistance holds,...
