The US dollar went sideways initially during the trading session on Friday, but then dropped towards the 1.28 level underneath. That level offered enough support to turn things around and cause a bounce, and we have...
The US dollar rallied significantly during the trading session on Wednesday, and Thursday of course has been more of the same. However, we are starting to roll over slightly, so I think we are going to...
USDCAD’s bounce from 1.2623 extended to as high as 1.2868. Further rise to test 1.2916 resistance would likely be seen. A breakout of this level will confirm that the uptrend from 1.2061 (Sep 8 low) has resumed,...
USDCAD bounced strongly from 1.2623 and broke above 1.2750 resistance. Further rise would likely be seen in the coming days and next target would be at 1.2916. A breakout of this level will indicate that the uptrend...
The US dollar has been very noisy during the session on Tuesday, reaching down as low as the 1.26 handle. Now that we have seen a move to the upside, looks likely that we will make...
USDCAD extended its downside movement from 1.2909 to as low as 1.2623. Further decline would likely be seen after a minor consolidation and next target would be at 1.2600 area. Near term resistance is at 1.2750, only...
USDCAD moved below 1.2666 support. Further decline would likely be seen and next target would be at 1.2600 area. Below this level would aim 1.2433 support. Near term resistance is at 1.2750, only break above this level...
The US dollar fell slightly against the Canadian dollar during the Monday session, but as we are in an area that has been supportive in the past, one has to think whether we are starting to...
USDCAD moved sideways in a trading range between 1.2666 and 1.2916 and is now facing 1.2666 support once again. A breakdown below this level could take price to next support level at 1.2600, followed by 1.2433. Resistance...
USDCAD moved sideways in a narrow range between 1.2666 and 1.2916 after breaking below the rising trend line on the daily chart. As long as 1.2666 support holds, the sideways movement could be treated as consolidation of...
