USDCAD broke above 1.1025 resistance, and reached as high as 1.1049, indicating that the downtrend from 1.1098 had completed at 1.0886 already. Further rise could be expected over the next several days, and next target would be...
USDCAD’s fall from 1.1098 extended to as low as 1.0886. Deeper decline is still possible, and the target would be at 1.0860 area. Resistance is at 1.1025, a break of this level will indicate that the downward...
USDCAD remains in uptrend from 1.0619, the price action from 1.0985 could be treated as consolidation of the uptrend. Support is at 1.0800, as long as this level holds, the uptrend could be expected to resume, and...
The USD/CAD pair went back and forth during the course of the day on Friday, showing the 1.0950 level to be somewhat of a magnet for price. However, if we can break back above the 1.10 level,...
The USD/CAD pair fell during the course of the day on Thursday, breaking well below the 1.10 handle. However, we did find a bit of support at the 1.09 region, so with that market formed a little...
USDCAD is forming a head and shoulders pattern on its 4-hour forex time frame, indicating that a reversal from the previous uptrend might take place. For now, price is still testing the neckline of the formation near...
USDCAD remains in uptrend from 1.0810, the fall from 1.1098 could be treated as correction of the uptrend. Another rise to 1.1200 area could be expected. Support is at 1.0926, only break below this level will indicate...
After touching 1.0933 support, USDCAD rebounded from 1.0926, indicating that the pair remains in uptrend from 1.0810, and the fall from 1.1098 could be treated as correction of the uptrend. Further rise to test 1.1098 would likely...
The USD/CAD pair fell hard during the course of the day on Tuesday, slicing back through the 1.10 support level in order to show real Canadian dollar strength. This would’ve been basically as a result of strengthening...
USDCAD remains in uptrend from 1.0810, the fall from 1.1098 is likely consolidation of the uptrend. Key support is at 1.0933, as long as this level holds, the uptrend could be expected to resume, and another rise...
