USD/CAD Technical Analysis September 20, 2011
The USD/CAD pair shot straight up on Monday as traders continue to push it around in the consolidation box it has been stuck in for over a month. The pair looks like it is simply trying to...
Tag: USDCAD
USD/CAD Technical Analysis September 19, 2011
USD/CAD fell hard on Friday, and even closed at the bottom of the range. The pair is testing the 0.98 level, and we see the next 100 pips down to the 0.97 level as massive support.
USDCAD Analysis – September 17, 2011
After touching 1.0009 resistance, USDCAD pulled back from 1.0025, suggesting that lengthier consolidation of uptrend from 0.9406 is underway. Deeper decline to test 0.9725 support would likely be seen next week, as long as this level holds,...
USD/CAD Technical Analysis September 16, 2011
USD/CAD fell on the Thursday session, falling far enough to find the recent lows in the 0.9850 area. The support area we have marked is between 0.98 and 0.97 as far as larger support, and as such...
USD/CAD Technical Analysis September 15, 2011
USD/CAD rose during the Wednesday session, but the latter hours saw the pair falling. Because of this, it looks like the parity level is going to be very difficult to break above for any length of time.
USD/CAD Analysis (September 15)
The pair continues to struggle below the key parity level which remains a strong resistance to get through.
USD/CAD Technical Analysis September 14, 2011
USD/CAD continues to meander in a 200 pip range as it falls on Tuesday. The pair looks like it is waiting for something big to happen, and we believe that is a bull move in the oil...
USD/CAD Analysis (September 13)
At the end of last week, the pair was finally showing some ability to confirm a bullish outlook bounce but once again the parity level has offered some strong resistance over the last session.
USD/CAD Analysis (September 12)
We finally saw the pair confirming a possible long term reversal with a resumption of the uptrend at the end of last week.
USD/CAD Technical Analysis September 12, 2011
USD/CAD rose on Friday as traders sold off the risk currencies around the world. The oil markets dipped as well, and this always spells trouble for the Loonie.