USDCAD’s upward movement from 1.0619 extended to as high as 1.0769. Further rise could be expected, and next target would be at 1.0800 area. Support is at 1.0700, only break below this level could signal completion of...
The USD/CAD pair broke higher initially during the session on Monday, but then turned back around in order to form a little bit of a shooting star, as the market looks like it’s ready to continue to...
USDCAD is in consolidation of the downtrend from 1.1278 (Mar 20 high). Range trading between 1.0619 and 1.0800 would likely be seen over the next several days. Resistance is at 1.0800, as long as this level holds,...
USDCAD broke above 1.0696 resistance, indicating that the downward movement from 1.0960 had completed at 1.0619 already. Further rally could be expected, and the target would be at 1.0800 area. Support is now at 1.0670, only break...
USDCAD remains in downtrend from 1.1278, the rise from 1.0619 is likely consolidation of the downtrend. Resistance is at the downward trend line on daily chart, as long as the trend line resistance holds, the downtrend could...
The USD/CAD pair initially fell during the session on Friday, but after the Canadian jobs numbers came out negative, the Canadian dollar get absolutely pummeled. The uptrend line just below held the market up as well, and...
The USD/CAD pair had a negative session on Wednesday, but as you can see still respects the positive trend line that the market has been following for some time. With this, we feel that the market should...
USDCAD moved sideways in a trading range between 1.0619 and 1.0696. As long as 1.0696 resistance holds, the price action in the range could be treated as consolidation of the downtrend from 1.0960, another fall to 1.0500...
The USD/CAD pair went back and forth on Tuesday, showing a little bit of support at the end of the day in order to perhaps justify the positive candle that we had seen printed on Monday. We...
USDCAD is facing 1.0700 resistance, a break above this level will indicate that the downtrend from 1.0960 had completed at 1.0619 already, then further rise to 1.0780 area could be seen. However, as long as 1.0700 resistance...
