USDCAD Daily Analysis – September 5, 2023

by ForexCycle.com | September 5, 2023 10:47 am
USDCAD has broken above the 1.3639 resistance level, indicating a potential resumption of the upside move from 1.3092. This breakout suggests that further upward movement is possible in the coming days, with the next target area around...

USDCAD Daily Analysis – September 1, 2023

by ForexCycle.com | September 1, 2023 9:50 am
USD/CAD has recently broken below the rising price channel on the 4-hour chart, indicating that the previous upside movement from 1.3092 to 1.3639 has potentially completed. Further decline in price is expected, with the next target set...

USDCAD Daily Analysis – August 31, 2023

by ForexCycle.com | August 31, 2023 7:59 am
USD/CAD is currently encountering the support of a rising price channel on its 4-hour chart. As long as the channel support holds, the recent pullback from 1.3639 could be considered a period of consolidation within the overall...

USDCAD Daily Analysis – August 29, 2023

by ForexCycle.com | August 29, 2023 3:59 am
USD/CAD is currently showing a strong uptrend on the 4-hour chart, with the pair remaining above a rising trend line. This uptrend dates back to the 1.3092 level. As long as the trend line support holds, it...

USDCAD Daily Analysis – August 28, 2023

by ForexCycle.com | August 28, 2023 12:50 am
USDCAD has achieved a notable breakthrough, surpassing the significant resistance at 1.3603 and extending its upward trajectory from 1.3092 to reach as high as 1.3639. As long as the key support level at 1.3495 remains intact, we...

USDCAD Daily Analysis – August 25, 2023

by ForexCycle.com | August 25, 2023 11:27 am
USDCAD is currently encountering resistance at the 1.3603 level. If this barrier is successfully breached, it could indicate a resurgence of the uptrend that commenced from 1.3092. In this scenario, the next notable target would be around...

USDCAD Daily Analysis – August 24, 2023

by ForexCycle.com | August 24, 2023 1:23 am
USDCAD has shown significant strength, with the pair extending its upward movement from 1.3092 to a high of 1.3603. If the support at 1.3495 remains intact, there is a likelihood that the upward move may continue. In...

USDCAD Daily Analysis – August 23, 2023

by ForexCycle.com | August 23, 2023 1:09 am
The USDCAD currency pair is currently in a sideways movement, trading within a range bound by 1.3495 as support and 1.3574 as resistance. As long as the support level at 1.3495 holds, the current sideways move can...

USDCAD Daily Analysis – August 22, 2023

by ForexCycle.com | August 22, 2023 8:02 am
The USDCAD currency pair is currently exhibiting a sideways movement within a defined trading range, with support at 1.3495 and resistance at 1.3574. As long as the support level at 1.3495 remains intact, the sideways move can...

USDCAD Daily Analysis – August 21, 2023

by ForexCycle.com | August 21, 2023 1:52 am
USDCAD has continued its upside move, reaching as high as 1.3574. With this extension, there is still potential for further rise in the pair, with the next target being around the 1.3600 area. The immediate support level...