USDCAD’s climb stalled as it encountered resistance at 1.3541, leading to a pullback that breached the 1.3464 support level. Let’s analyze the technicals to understand whether this signals a deeper decline or a mere pause in the...
The USDCAD pair has formed a double bottom pattern on its 4-hour chart, potentially indicating a shift in momentum. Let’s delve into the technical details to understand what this means for the pair’s future direction. Double Bottom...
The USDCAD pair has seen notable shifts in the market, marked by a breakthrough below support, indicating certain possible future trends. Breach Below Support Notably, USDCAD has broken through the 1.3414 support level. This suggests that the...
The USDCAD pair has recently witnessed significant market movements, pivoting between notable resistance and support levels, influencing the overall market trend. Recent Failed Breakout Attempt USDCAD endeavored to breakout of the 1.3541 resistance level but ended up...
The USDCAD has been staying within a trading spectrum, maneuvering sideways between 1.3414 and 1.3541. Notably, USDCAD recently undertook a failed bid to breach the 1.3541 resistance, resulting in a pullback to the 1.3465 level. As the...
In a recent development, the USDCAD pair has broken below the rising trend line on its 4-hour chart. This move insinuates that the uptick from 1.3176, which capped at 1.3541, is now wrapped up. Where are we...
USDCAD has been trapped in a lateral dance between 1.3092 and 1.3977 for months, frustrating traders with its indecisiveness. The pair recently flirted with a downside break but held ground at 1.3092, suggesting that another push towards...
USD/CAD has successfully broken above the resistance level at 1.3694, indicating a potential further rise in the near term. After a period of minor consolidation, the next target for the pair could be around the 1.3750 area....
USD/CAD has experienced a bounce from 1.3379, extending as high as 1.3584. There is a possibility of a further rally in the coming days, with the next target to consider around the 1.3640 area. The immediate support...
USDCAD has broken above the falling trend line on the 4-hour chart, indicating a potential shift in the market sentiment. This breakout suggests that a corrective consolidation phase for the previous downtrend from 1.3694 is currently in...
