The USD/CAD pair rose during the session as the “risk off” trade continued on Monday. Italian elections spooked traders around the world as the anti-austerity candidates did extraordinarily well.
USDCAD broke above 1.0100 resistance and reaches as high as 1.0256, suggesting that the uptrend from 0.9815 has resumed. Further rise could be expected after a minor consolidation, and next target would be at 1.0400 area. Support...
The USD/CAD pair shot straight up during the Friday session, but found the 1.0260 level far too resistive. This formed the second shooting star in a row in this pair, and as a result we think that...
The USD/CAD pair again during the session on Thursday, but as you can see the 1.02 level was far too resistive for the buyers to overcome. This resulted in a perfect shooting star, and as a result...
The USD/CAD pair broke higher during the session on Wednesday as the Federal Reserve releases its minutes, suggesting that there is serious discussion on limiting asset purchases. If that happens, the US dollar should continue to gain...
The USD/CAD pair managed to break above the 1.01 level again for the session on Tuesday, and even managed to break above the highest from the Monday session.
USDCAD stays in a trading range between 0.9932 and 1.0100. As long as 1.0100 resistance holds, another fall could be expected, and a breakdown below 0.9932 support will conform that the upward movement from 0.9632 has completed...
The USD/CAD pair shot straight up during the session on Friday, but failed to break above the 1.01 level yet again. In fact, this latest search created a lower low than the previous two attempts.
The USD/CAD pair fell during the session on Thursday, but essentially went nowhere as we traded in a very tight range. The market will certainly be one of the more interesting ones to watch as it is...
The USD/CAD pair trying to rally yet again during the session on Wednesday, but as you can see formed another bearish candle. This shows just how much this pair is struggling to gain and now shows it...
