USDCAD remains in the uptrend from 1.2803, the fall from 1.3124 is likely consolidation for the uptrend. Support is now at 1.3040. As long as this level holds, the upside movement could be expected to continue and...
USDCAD’s upside movement from 1.2803 extended to as high as 1.3110. Further rise is still possible and next target would be at 1.3200 area. Near term support is at 1.3050, as long as this level holds, the...
USDCAD extended its upside movement from 1.2248 to as high as 1.3100. As long as the price is above the bullish trend line on the daily chart, the bullish move could be expected to continue and next...
The US dollar has rallied a bit during the trading session on Thursday, as we crashed into the 1.30 level. We started to run stops in that area, but this is an area that is huge from...
USDCAD broke above 1.3000 resistance, suggesting that the uptrend from 1.2247 has resumed. Further rise could be expected after a minor consolidation and next target would be at 1.3150 area. Support levels are at 1.3025 and 1.2980,...
This pair is going to be interesting, because the 1.3 level is so crucial for the longer-term move. As we are near its, it makes sense that the markets will be rather choppy and difficult to deal...
USDCAD is testing the resistance at 1.3000. A breakout of this level would indicate that the upside movement from 1.2450 has resumed, then further rise towards 1.3100 area could be seen. Support is at the bottom trend...
The US dollar initially tried to rally against the Canadian dollar but found enough resistance at the 1.2875 level to roll over. It now looks as if we are going to go towards the 1.28 level underneath,...
USDCAD failed to break below the bottom support trend line of the price channel on its 4-hour chart and rebounded strongly from 1.2803. The pair is now facing 1.3000 resistance, a breakout of this level could signal...
The US dollar has been very noisy over the last several sessions, with a general downward attitude against the Canadian dollar. However, I think that the recent test of the 1.30 level shows that we could see...
