USD/CAD had a down day on the session for Monday, as traders piled into the oil markets. The pair seemed to focus on this during the session, and as such – the standard correlation between the value...
After a brief break below parity, the USD/CAD has bounced significantly to resume its upside move.
USD/CAD bounced on Friday as traders got rid of the “risk on” trade in droves. The bounce went straight to the 1.02 resistance level, and it looks like we could see consolidation at this point. The 1.03...
USDCAD had formed a cycle bottom at 0.9891 on daily chart. Further rise is expected after a minor consolidation, and target would be at 1.0400 area. However, the rise would possibly be correction of downtrend from 1.0656,...
The USD/CAD pair fell on Thursday as oil managed to climb by the end of the session. The parity level still holds as support, and the market couldn’t break through. This area is where we need to...
The USD/CAD pair fell a little during the Wednesday session as the massive move got pulled back from the Tuesday rally. The parity level still serves as a pivot of sorts, and we only trade in the...
The USD/CAD pair shot straight through the parity level on Tuesday as traders continued to embrace the “risk off” trade. The pair is highly sensitive to the risk parameters of global trading, and as such it will...
The USD/CAD pair rose on Monday as the Dollar got bought in mass by traders around the world. The “risk off” trade came back with a vengeance, and the USD/CAD rose as a result. The Canadian dollar...
USD/CAD rose and retested the parity level on Friday, only to fall back down. This shows us that the breakdown in this pair was a serious one, and we think a breaking of the lows on Friday...
USDCAD continued its downward move from 1.0656 and the fall extended to as low as 0.9891. Further fall could be seen next week, and next target would be at 0.9700 area. Resistance is at 1.0050, only break...
