USDCAD is facing 1.2997 resistance, a breakout of this level could signal resumption of the uptrend from 1.2526, then next target would be at 1.3200 area. Support is at 1.2728, only a breakdown below this level could...
USDCAD is facing 1.2924 resistance once again. A breakout of this level could take the price to next resistance level at 1.2997. Above here would aim 1.3100 area. Near term support is at 1.2820, a breakdown below...
We wrote in our previous article that Canadian dollar may get a bid if NAFTA (North America Free Trade Agreement) is successfully renegotiated. The three countries under NAFTA (U.S., Canada, and Mexico) are all under pressure to reach a...
USDCAD failed in its attempt to breakout of 1.2924 resistance and stayed in the trading range between 1.2728 and 1.2924. The price action in the trading range is likely consolidation for the downtrend from 1.2997 and another...
USDCAD failed to break below 1.2728 support and stayed in the trading range between 1.2728 and 1.2924. Suggesting that lengthier consolidation for the downtrend from 1.2997 is needed. However, as long as 1.2924 resistance holds, the downtrend...
USDCAD short-term Elliott Wave view suggests that the bounce to 1.2998 on 5/08 high ended primary wave ((2)). Below from there, primary wave ((3)) remains in progress as an Impulse Elliott Wave structure looking for more downside extension. In Impulse wave,...
USDCAD stays in a trading range between 1.2728 and 1.2924. As long as 1.2924 resistance holds, the price action in the range could be treated as consolidation of the downtrend from 1.2997, and a breakdown below 1.2728...
USDCAD moved sideways in a trading range between 1.2728 and 1.2924. The sideways move is likely consolidation for the downtrend from 1.2997. Another fall could be expected after the consolidation and a breakdown below 1.2728 support could...
USDCAD is now in downtrend from 1.2997. Another fall towards the bottom of the price channel on the daily chart is possible over the next several weeks. Resistance is at 1.2997, only a breakout of this level...
USDCAD is facing 1.2728 support, a breakdown below this level would suggest that the downside movement from 1.2997 has resumed, then further decline towards 1.2500 could be seen. Resistance levels are at 1.2925 and 1.2997, only break...
