The US dollar fell again during the trading session on Thursday, breaking down below the 1.23 handle. However, we have bounced from there, and it looks likely that we are going to try to get a bit...
USDCAD remains in the downtrend from 1.2590, the bounce from 1.2281 is likely consolidation of the downtrend. Further decline could be expected after the consolidation and next target would be at 1.2200 area. Near term resistance is...
The US dollar has broken down during the trading session on Wednesday, breaking below the 1.24 handle. By doing so, it frees up the market to go much lower, perhaps down to the 1.23 level, and then...
USDCAD broke below 1.2355 support and continued its downside movement from 1.2920. Further decline could be expected and next target would be at 1.2200 area. Near term resistance is at 1.2400, only break above this level could...
USDCAD has been treading mostly sideways in the past few days and is consolidating inside a bearish flag formation visible on the daily time frame. Price is currently testing the triangle support and a breakdown could send...
The US dollar has rallied during the Tuesday session, reaching towards the 1.25 level, which of course is a large, round, psychologically significant number. That area of course will offer a bit of resistance, but it looks...
USDCAD is forming a sideways consolidation in a trading range between 1.2355 and 1.2590. As long as 1.2590 resistance holds, the downtrend from 1.2920 could be expected to resume and further fall towards 1.2200 area is still...
USDCAD failed to break below 1.2355 support and stayed in a trading range between 1.2355 and 1.2590. The sideways movement is likely consolidation of the downtrend from 1.2920. As long as 1.2590 resistance holds, the downside movement...
USDCAD moved sideways in a range between 1.2355 and 1.2590. As long as 1.2590 resistance holds, the downside movement could be treated as consolidation of the downtrend from 1.2920, and a breakdown below 1.2355 support could trigger...
Although the Bank of Canada raised interest rates yesterday, the reality is that they are going to be hard-pressed to do so rapidly. As we rallied during the day on Thursday, it looks as if the 1.25...
