USDCAD extended its upside movement from 1.2247 to as high as 1.2565, facing 1.2590 resistance. A breakout of this level will indicate that the downtrend from 1.2920 had completed at 1.2247 already, then further rise to 1.2750...
USDCAD broke above the falling trend line on its 4-hour chart, suggesting that lengthier consolidation for the downtrend from 1.2920 is underway. Further rally would likely be seen and the target would be at 1.2500 area. Near...
USDCAD popped up from support around the 1.2250 minor psychological level to the 1.2400 area, which lines up with an area of interest. This could also serve as resistance of the new descending channel forming on the...
USDCAD’s downside movement from 1.2920 extended to as low as 1.2248. Further decline towards 1.2061 support is still possible after consolidation. Near term resistance is at the top trend line of the price channel on the daily...
USDCAD remains in the downtrend from 1.2590. As long as the price is below the bearish trend line on the 4-hour chart, the downside movement could be expected to continue and next target would be at 1.2150...
USDCAD extended its downside movement from 1.2590 to as low as 1.2247. As long as the price is below the falling trend line on the 4-hour chart, the downside movement could be expected to continue and next...
USDCAD moved sideways in a trading range between 1.2281 and 1.2391. The sideways move is likely consolidation of the downtrend from 1.2590. Further decline would likely be seen and a breakdown below 1.2281 support could take price...
USDCAD stays below a falling trend line on its 4-hour chart and remains in the downtrend from 1.2590. As long as the trend line resistance holds, the downtrend could be expected to continue and next target would...
After consolidation, USDCAD continued its downside movement from 1.2920, and the fall extended to as low as 1.2282. The key resistance is at 1.2590. As long as this level holds, further downside movement could be seen and...
USDCAD recently broke to the downside of its symmetrical triangle formation and fell to a low of 1.2240. Price has bounced since then and appears to be making a correction to the broken support around 1.2420. Applying...
