USDCAD broke above 1.3174 resistance, suggesting that the downside movement from 1.3385 had completed at 1.2887 already. Further rise could be expected in a couple of weeks and next target would be at 1.3400 area. Support is...
USDCAD dropped sharply from 1.3226, suggesting that the upside movement from 1.2887 had completed. Deeper decline would likely be seen and next target would be at 1.3000 area. Resistance is at 1.3226, only a break of this...
USDCAD remains in the uptrend from 1.2887. Further rise is still possible and next target would be at 1.3300 area. Near term support is at 1.3120, only a breakdown below this level could bring the price back...
USDCAD’s upside movement from 1.2887 extended to as high as 1.3207, breaking above 1.3174 resistance. Further rise is still possible after a minor consolidation and next target would be at 1.3250 area. Near term support is at...
USDCAD extended its upside movement from 1.2887 to as high as 1.3112, breaking above 1.3103 resistance. Further rise is still possible and next target would be at 1.3174 resistance. Near term support is at 0.3040, only a...
USDCAD broke above the falling trend line on the 4-hour chart, suggesting that the downside movement from 1.3174 had completed at 1.2887 already. Further rise is still possible and next target would be at 1.3174 resistance. Near...
USDCAD remains in the downtrend from 1.3385, the bounce from 1.2887 is likely consolidation of the downtrend. As long as the price is below the bearish trend line on the daily chart, the downside movement could be...
The Canadian Dollar strengthened to a two month high against US Dollar earlier this week. Market participants seem to bet on possible inclusion of Canada in a new Nafta pact. The U.S. has just concluded a successful...
USDCAD is facing the resistance of the falling trend line on the 4-hour chart. As long as the trend line resistance holds, the bounce from 1.2887 could be treated as consolidation of the downtrend from 1.3174 and...
USDCAD remains in the downtrend from 1.3174, the bounce from 1.2887 could be treated as consolidation for the downtrend. Further decline is still possible after the consolidation and next target would be at 1.2800 area. Resistance is...
