The USD/CAD pair fell during the course of the session on Thursday, testing the 1.09 handle for support. We did in fact find it there, so it’s very likely this market will find buyers just below. However,...
The USD/CAD pair tried to breakout during the session on Wednesday, but in the end it appears that the market ran into far too much resistance above in order to continue going higher. With that, we feel...
USDCAD continued its upward movement from 1.0822, and the rise extended to as high as 1.0955. Further rise could be expected after a minor consolidation, and next target would be at 1.0980 area. Support is at 1.0900,...
USDCAD’s upward movement from 1.0822 extended to as high as 1.0935. Further rise is still possible and next target would be at 1.0980 area. Support is at 1.0890, only break below this level could bring price back...
The USD/CAD pair went back and forth during the session on Tuesday, printing a slightly positive candle, but more importantly showing that the 1.09 region continues to be a bit of resistance. The market as at the...
The USD/CAD pair shot straight up during the session on Monday, piercing the 1.09 level. With that, we feel that the market is testing the highs of the most recent consolidation area, thereby suggesting that perhaps we...
USD/CAD has been moving sideways for almost a month already, which is not at all surprising for this pair that usually ranges. The pair has found support near the 1.0830 level and resistance at 1.0920, creating a...
USDCAD failed to break below 1.0813 support and stayed in a trading range between 1.0813 and 1.0941. As long as 1.0941 resistance holds, the price action in the range could be treated as consolidation of the downtrend...
Being contained by 1.0813 support, USDCAD rebounded from 1.0822. However, the bounce is likely consolidation of the downtrend from 1.0941, another fall to test 1.0813 support would likely be seen after consolidation, a breakdown below this level...
USDCAD is facing 1.0813 support, a breakdown below this level will signal resumption of the downtrend from 1.1278, then next target would be at 1.0650 area. Resistance levels are at 1.0945 and 1.1053, only break above these...
