USDCAD extended its upside movement from 1.2248 to as high as 1.2915, facing the previous high resistance at 1.2920. A breakout of this level could take price to 1.3200 area. Support is at the rising trend line...
USDCAD’s upside movement extended to as high as 1.2895, facing the previous high resistance at 1.2920 (Dec 19, 2017 high). As long as the price is above the bullish trend line on the 4-hour chart, the upside...
The US dollar has rallied significantly during the trading session on Wednesday, as we continue the uptrend. Oil markets look very soft, so it’s likely that we will continue to see this market rally to the upside...
USDCAD extended its upside movement from 1.2450 to as high as 1.2848. Further rise is still possible after a minor consolidation and next target would be at 1.2900 area. Support is located at the bullish trend line...
USDCAD is forming another major reversal pattern, this time on its daily time frame. Price has yet to test the neckline around the 1.2900 major psychological level and break above it to confirm the potential uptrend. The...
The US dollar has rallied significantly during the trading session on Tuesday, reaching towards the significant 1.2750 level above. That’s an area that is important, as it has offered resistance in the past. If we can continue...
USDCAD broke above 1.2757 resistance, suggesting that the upside movement from 1.2450 has resumed. Further rise could be expected and next target would be at 1.2850 area. Key support is now at 1.2614, only a breakdown below...
USDCAD remains in the short term downtrend from 1.2757. Deeper decline is still possible and next target would be at 1.2500 area. Resistance is at 1.2757, only break above this level could trigger another bullish movement towards...
The US dollar pulled back slightly during the trading session on Monday but found enough support near the 1.26 level to turn around and rally. Remember, the Canadian dollar is highly sensitive to the oil markets, so...
USDCAD pulled back from 1.2757 after breaking above 1.2688 resistance, suggesting that lengthier consolidation for the uptrend from 1.2247 is needed. Deeper decline would likely be seen in a couple of days and the target would be...
