USDCAD is facing 1.0009 resistance, a break above this level will indicate that the uptrend from 0.9406 has resumed, then next target would be at 1.0200 area. Support is at 0.9725, only break below this level could...
The pair has confirmed a possible long term reversal with a bounce on top of the key 0,97 level but it is still facing the strong parity resistance.
The USD/CAD pair fell on Wednesday, after failing to close above the 0.99 level the day before. The oil markets are starting to come back into play as the storms in the Atlantic could have an adverse...
USD/CAD rose, fell, and bounced around during the Tuesday session as traders simply do not know what to do with this pair at the moment. The candle looks similar to a shooting star, but not quite as...
The pair has now confirmed a possible long term reversal with a bounce on top of the key 0,97 level from last week.
USD/CAD rose on Friday as the Non-Farm Payroll report disappointed. The Canadian economy depends on exports to the US, so a weak US means a weak Canada. However, we are below some very serious resistance areas in...
USDCAD’s fall from 1.0009 is likely consolidation of uptrend from 0.9406. Another fall towards 0.9600 to reach next cycle bottom on daily chart is still possible. Key resistance is at 1.0009, only break above this level could...
If a material base might be in place for a possible long term reversal, we haven’t seen yet a real confirmation of the bullish bounce started in July.
The USD/CAD pair fell again on Thursday, although did not manage to break through the bottom of the hammer from Wednesday. This shows that there is still some support in the 0.97 area, and it will have...
If a material base might be in place for a possible long term reversal, we haven’t seen yet a real confirmation of the bullish bounce started in July.
