USDCAD Daily Analysis – April 20, 2020

by ForexCycle.com | April 20, 2020 1:09 am
USDCAD is in consolidation for the uptrend from 1.3854, range trading between 1.3960 and 1.4182 would likely be seen in a couple of days. As long as 1.3960 support holds, the uptrend could be expected to resume...

USDCAD Weekly Analysis – April 19, 2020

by ForexCycle.com | April 19, 2020 2:57 am
USDCAD broke below 1.3920 support, suggesting that the downside movement from 1.4667 has resumed. Further decline would likely be seen and next target would be at 1.3600 area. Resistance is at 1.4250, a break of this level...

USDCAD Daily Analysis – April 17, 2020

by ForexCycle.com | April 17, 2020 1:50 am
USDCAD remains in the uptrend from 1.3854, the pullback from 1.4182 is likely corrective consolidation for the uptrend. Another rise could be expected after the consolidation and a break of 1.4182 resistance could take the price to...

USDCAD Daily Analysis – April 16, 2020

by ForexCycle.com | April 16, 2020 1:32 am
USDCAD bounced strongly from 1.3854 to as high as 1.4132, suggesting that the downside movement from 1.4348 had completed at 1.3854 already. Further rally could be expected in a couple of days and next target would be...

USDCAD Daily Analysis – April 15, 2020

by ForexCycle.com | April 15, 2020 1:58 am
USDCAD’s downside movement from 1.4348 extended to as low as 1.3854. Further decline would likely be seen after a minor consolidation and next target would be at 1.3750 area. Near term resistance is at 1.4000, above this...

USDCAD Daily Analysis – April 14, 2020

by ForexCycle.com | April 14, 2020 2:40 am
USDCAD extended its downside movement from 1.4348 to as low as 1.3854, breaking below 1.3920 support. Further decline is still possible after a minor consolidation and next target would be at 1.3800 area. Near term resistance is...

USDCAD Daily Analysis – April 13, 2020

by ForexCycle.com | April 13, 2020 2:43 am
USDCAD’s fall from 1.4348 extended to as low as 1.3922, facing the support level at 1.3920, a breakdown below this level could trigger further downside movement to 1.3800 area. Near term resistance is at 1.4080, above this...

USDCAD Weekly Analysis – April 12, 2020

by ForexCycle.com | April 12, 2020 9:34 am
USDCAD is facing 1.3920 support, a breakdown below this level could take the price to 1.3700 area. Near term resistance is at 1.4100, a break of this level could trigger another upside movement towards 1.4600.

USDCAD Daily Analysis – April 10, 2020

by ForexCycle.com | April 10, 2020 12:28 am
USDCAD is testing 1.2920 support, a breakdown below this level could signal resumption of the downtrend from 1.4667, then next target would be at 1.3800 area. Near term resistance is at 1.4080, above this level could trigger...

USDCAD Daily Analysis – April 9, 2020

by ForexCycle.com | April 9, 2020 2:08 am
USDCAD is testing 1.2920 support, a breakdown below this level could trigger further downside movement towards 1.3700. Near term resistance is at 1.4080, a break of this level could bring the price back towards 1.4348 resistance.