The USD/CAD pair fell during the course of the day on Tuesday, testing the bottom of the hammer that had formed on Monday. That being the case though, we simply look as if we are going sideways...
USDCAD broke below 1.0925 support, indicating that lengthier consolidation for the uptrend from 1.0619 (Jul 3 low) is needed. Deeper decline to 1.0880 area is possible. Key support is at 1.0860, only break below this level could...
The USD/CAD pair initially fell during the session on Monday, but as you can see turned back and formed a massive hammer. This hammer sits just below the 1.10 level, and if we can get above that...
USDCAD broke above 1.0985 resistance, indicating that the uptrend from 1.0619 (Jul 3 low) has resumed. Further rise could likely be seen, and next target would be at 1.1100 area. Support is at 1.0925, only a breakdown...
After touching 1.0985 resistance, USDCAD pulled back to 1.0927. Another rise to test 1.0985 resistance would likely be seen, above this level will signal resumption of the uptrend from 1.0619, then next target would be at 1.1100...
No changed in our view, USDCAD remains in uptrend from 1.0619, the fall from 1.0985 is likely consolidation of the uptrend. Another rise could be expected after consolidation, and next target would be at 1.1200 area. Support...
The USD/CAD pair went back and forth on Friday, initially trying to break out but finding the 1.10 level too resistive yet again and formed a shooting star. The shooting star courses negative, but we do not...
USDCAD broke above 1.0940 resistance, indicating that the downward movement from 1.0985 had completed at 1.0860 already. Further rise to test 1.0985 resistance is possible, a break above this level could trigger another rise towards 1.1500. On...
The USD/CAD pair initially fell during the course of the day on Monday, but found enough support below to turn things back around and form a hammer. With that, the market ended up showing a significant amount...
USDCAD is in downtrend from 1.0985. Further decline would likely be seen after a minor consolidation, and next target would be at 1.0800 area. Resistance levels are at 1.0940 and 1.0985, only break above these levels could...
