The USD/CAD pair initially went much higher during the course of the session on Tuesday, but turned back around to form a shooting star. However, the shooting star suggests not weakness, but a continuation of the consolidation...
USDCAD failed to break above 1.2835 resistance, indicate that lengthier sideways movement in the trading range between 1.2352 and 1.2835 is underway. Deeper decline would likely be seen, and the target would be at 1.2500 area.
The USD/CAD pair broke higher during the course of the session on Monday as we continue to see bullishness in this market. Quite frankly, the oil markets are doing absolutely nothing to benefit the Canadian dollar right...
USDCAD is in uptrend from 1.2410. Further rise to test 1.2835 resistance would likely be seen, a break of this level will signal resumption of the long term uptrend from 1.0619 (Jul 3, 2014 low). Support levels...
The USD/CAD pair broke much higher during the course of the session on Friday as the 1.25 level offered quite a bit of support. Not only did the support come into play, the market broke above the...
USDCAD failed to break below 1.2352 key support and rebounded from 1.2410, indicating that the downward movement from 1.2835 is complete. Further rise to test 1.2835 resistance would likely be seen, a break of this level will...
USDCAD remains in uptrend from 1.0619 (Jul 3, 2014 low), the sideways movement in the range between 1.2351 and 1.2835 is likely consolidation of the uptrend. Key support is at 1.2351, as long as this level holds,...
The USD/CAD pair rose slightly during the session on Wednesday, as the 1.25 level offered a bit of support. If we can break above the top of the hammer from the Tuesday session, we would be buyers...
The USD/CAD pair initially fell during the course of the day on Tuesday, slicing below the 1.25 handle. However, there was enough support below to turn things back around and form a nice-looking hammer. This of course...
After touching 1.2447 support, USDCAD rebounded into the trading range between 1.2447 and 1.2835. Further rally would likely be seen, and the target would be at 1.2700 area. Support is at 1.2447, only break below this level...
