USDCAD is testing the support of 1.2191. As long as the pair stays above this level, we’d expect range trading between 1.2191 and 1.2714 to continue. However, a break down below 1.2191 level will signal deeper decline...
USDCAD’s downtrend remains and the fall from 1.2714 could possibly be resumption of the downtrend. Deeper decline is still possible next week and the next target would be at 1.1900-1.2000 area. Near term resistance is located at...
USDCAD remains in downtrend from 1.3063. The rebound from 1.2191 is treated as consolidation of the downtrend. Deeper decline is still possible to 1.2000 zone after consolidation. Near term resistance is at 1.2500, above this level will...
USDCAD has formed a cycle top at 1.3063 level on daily chart. Further fall is expected next week and target would be at 1.2000 zone. Near term resistance is at 1.2500, as long as this level holds,...
USDCAD drops below 1.2500 key support, suggesting a cycle top has been formed at 1.3063 level on daily chart, and the pair is back to range trading between 1.1464 and 1.3063. Further fall is now in favor....
USDCAD broke above 1.3015 (Oct 28, 2008 high) resistance and reached 1.3063 only. The following pullback suggests that a cycle top is being formed on daily chart. Key support is now located at 1.2500, a break below...
USDCAD breaks above the long term key resistance at 1.3015 (Oct 28, 2008 high), signifying that the long term uptrend from 0.9056 (Nov 7, 2007 low) has resumed. Further rise is expected to 1.3500 zone in next...
Being contained by the long term key resistance at 1.3015 (Oct 28, 2008 high), USDCAD pulls back from 1.2973 level. Consolidation in a range between 1.2500 and 1.2973 is expected next week before breaking above 1.3015 resistance....
USDCAD breaks above 1.2765 resistance and reaches as high as 1.2933 level. Further rise to test 1.3015 long term key resistance is expected in a couple of days. A break above this level will indicate that the...
USDCAD breaks out of the triangle pattern on daily chart and is testing the 1.2765 resistance. A break above this level will signal further rally to test 1.3015 long term key resistance. Above this level will indicate...
