USDCAD is facing 1.2948 resistance. A breakout of this level would indicate that the downtrend from 1.3124 had completed at 1.2814 already, then the following upside movement could take price to next resistance level at 1.3000, followed...
The US dollar has rallied significantly during the trading session on Tuesday, as the 1.28 level continues to offer support. However, as the Americans stepped into the arena, it looks as if the US dollar may revisit...
USDCAD failed to break below 1.2803 support and rebounded from 1.2814. A breakout of 1.2948 resistance would confirm that the downside movement from 1.3124 had completed at 1.2814 already, then next target would be at 1.3000, followed...
USDCAD is testing 1.2803 support. A breakdown below this level would indicate that the uptrend from 1.2247 (Jan 31 low) had completed at 1.3124 already, then deeper decline towards 1.2650 support could be seen. On the upside,...
USDCAD extended its downside movement from 1.3124 to as low as 1.2823, facing a key support level at 1.2803. A breakdown below this level would suggest that the uptrend from 1.2247 (Jan 31 low) had completed at...
USDCAD broke below the bullish trend line on the daily chart, suggesting that consolidation for the uptrend from 1.2248 is underway. Range trading between 1.2650 and 1.3124 would likely be seen in a couple of weeks. As...
The US dollar initially fell against the Canadian dollar on Thursday, as we had seen on Wednesday, but found enough support near the 1.2825 level to turn things around and bounce significantly. As I record this, the...
The US dollar has gone sideways against the Canadian dollar over the last 24 hours, after initially dipping at the open on Monday. The market looks very likely to hang about this area, as we are watching...
USDCAD broke below 1.3040 support, suggesting that the uptrend from 1.2803 had completed at 1.3124 already. Range trading between 1.2870 and 1.3124 would likely be seen over the next several days. However, as long as 1.2870 support...
USDCAD is still trending higher, moving above an ascending trend line visible on its 4-hour time frame. Price is stalling around the 1.3100 handle and looks prime for a pullback to the uptrend line. Using the Fib...
