USDCAD is in consolidation of the downtrend from 1.2920. Range trading between 1.2355 and 1.2590 could be expected to continue over the next several days. Near term support is at 1.2355, a breakdown below this level will...
USDCAD failed to break below 1.2355 support and stays in the trading range between 1.2355 and 1.2590, suggesting that lengthier consolidation for the downtrend from 1.2920 is needed. Sideways movement would likely be seen over the next...
The US dollar went back and forth during the trading session on Tuesday, as we have seen the market use the 1.24 level as support. If we can break above the 1.2460 level, then I think the...
USDCAD is in consolidation of the downtrend from 1.2920. Range trading between 1.2355 and 1.2590 would likely be seen over the next several days. As long as 1.2590 resistance holds, the downtrend could be expected to resume...
USDCAD remains in the downtrend from 1.2920, the bounce from 1.2355 is likely consolidation of the downtrend. Range trading between 1.2355 and 1.2590 would likely be seen in a couple of days. Further decline could be expected...
USDCAD’s fall from 1.2920 extended to as low as 1.2355. Further decline is still possible after consolidation and next target would be at 1.2061 previous low support. Near term support is at 1.2355, a breakdown below this...
USDCAD recently broke through the floor around the 1.2650 minor psychological mark then fell to a low of 1.2362. Price is showing signs of a pullback from its drop and sellers may be waiting at the nearby...
USDCAD broke above 1.2555 resistance, indicating that the downtrend from 1.2920 had completed at 1.2355 already. Further rally would likely be seen after a minor consolidation and next target would be at 1.2650 area. Support levels are...
The US dollar drifted a little bit higher against the Canadian dollar during quiet trading on Tuesday. I still see a significant amount of resistance near the 1.25 level though, so I don’t have any interest in...
USDCAD broke above the falling trend line on the 4-hour chart, suggesting that the downside movement from 1.2920 had completed at 1.2355 already. Further rally is still possible and next target would be at 1.2555. As long...
