The USD/CAD currency pair initially tried to rally during the Monday session, but failed and formed a shooting star. This looks like a market that’s trying to continue lower and interestingly enough the oil markets will go...
USDCAD is facing 0.9824 support, a breakdown below this level will signal resumption of the downtrend from 1.0055, then further decline towards 0.9500 could be seen. Resistance is now at 0.9970, only break above this level could...
The USD/CAD pair went back and forth during the session on Friday as the 0.99 handle continues to be a magnet for price. However, by the end of the day the market closed below that level, and...
The USD/CAD pair initially fell during the Thursday session, but bounced in order to form a slightly positive candle for the trading day. However, we are still well within the consolidation tolerances, so this move really didn’t...
The USD/CAD pair fell significantly during the Wednesday session as we smash through the 0.99 handle. This area was thought to be supportive, and the fact that it was working through like it wasn’t even there would...
There is market optimism in the global financial markets, and the safe haven US dollar is expected to fall against its Canadian currency counterpart. The bipartisan US Congress finally agreed to and voted for a budget deal...
The USD/CAD pair initially rose during the session on Monday, but turned around and fell fairly significantly. The resulting candle is a bit of a shooting star, but looks more bearish than that simple observation.
No changed in our view, USDCAD remains in downtrend from 1.0055, the rise from 0.9824 would possibly be correction of the downtrend. Key resistance is at 1.0055, as long as this level holds, the downtrend could be...
The USD/CAD rose during the Friday session as more and more people get concerned about the fiscal talks in the United States. The resulting candle is bullish, and we did manage close above the 0.9950 handle.
The USD/CAD currency pair fell during the trading session on Thursday, and even managed to bounce off of the 0.99 handle for support. The resulting candle ended up being a hammer, and we are just below the...
