USDCAD recently broke out of an inverse head and shoulders pattern on its 4-hour time frame and looks ready for an uptrend. Price could still pull back to a new rising trend line forming before gaining bullish...
USDCAD extended its upside movement from 1.2248 to as high as 1.2757. Further rally is still possible next week and a break of 1.2757 resistance could take price to test 1.2920 resistance. Support level is at 1.2450....
USDCAD extended its upside movement from 1.2450 to as high as 1.2757, breaking above 1.2688 resistance. Further rise could be expected in the coming days, and next target would be at 1.2800 area. Support is at 1.2650,...
The US dollar has rallied significantly against the Canadian dollar on Tuesday, as we press the resistance level at the 1.2625 level. The market looks likely to find buyers underneath, as we have seen a massive search...
USDCAD’s bounce from 1.2450 extended to as high as 1.2592. Further rise is still possible and next target would be at 1.2630 area. Near term support is at 1.2525, a breakdown below this level could bring price...
USDCAD is now in the downtrend from 1.2688, the bounce from 1.2450 is likely consolidation for the downtrend. Further decline is still possible after the consolidation and a breakdown below 1.2450 support could take price to 1.2300...
USDCAD remains in the downtrend from 1.2920, the bounce from 1.2248 is likely correction for the downtrend. Another fall could be expected after the correction and a breakdown below 1.2248 support could take price to next support...
USDCAD broke below 1.2489 support, suggesting that the upside movement from 1.2247 had completed at 1.2688 already. Further decline would likely be seen in a couple of days and next target would be at 1.2400 area. Resistance...
The US dollar has gone sideways against the Canadian dollar during Tuesday trading, dancing around the 1.26 level. Obviously, oil markets will have their influence on the Canadian dollar, so you should pay attention to what’s going...
No changed in our view, USDCAD remains in the uptrend from 1.2247, the fall from 1.2688 would possibly be consolidation for the uptrend. As long as 1.2489 support holds, the uptrend could be expected to resume and...
