No changed in our view, USDCAD is now in downtrend from 1.1278, the rise from 1.0857 is likely consolidation of the downtrend. Support is at 1.0857, a breakdown below this level will signal resumption of the downtrend,...
The USD/CAD pair went back and forth during the session on Friday, as the nonfarm payroll numbers cannot a little bit stronger than anticipated. Ultimately, the 1.10 level did offer enough resistance to push the market back...
USDCAD remains in downtrend from 1.1053, the rise from 1.0942 is likely consolidation of the downtrend. Resistance is at 1.1000, as long as this level holds, the downtrend could be expected to resume, and next target would...
The USD/CAD pair rallied during the session on Thursday, but found enough resistance of the 1.10 level to turn things back around and form a shooting star. The shooting star of course suggests that we are going...
USDCAD is now in downtrend from 1.1053. Further decline could be expected after a minor consolidation, and next target would be at 1.0900 area. Resistance is at 1.1000, only break above this level could trigger another rise...
The USD/CAD pair tried to rally during the session on Wednesday, but fell back down and formed a shooting star. The shooting star of course is a very sign, and therefore we begin to wonder whether or...
USDCAD broke below 1.1000 support, indicating that the uptrend from 1.0857 had completed at 1.1053 already. The pair is now in downtrend from 1.1053, further decline could be expected over the next several days, and next target...
The USD/CAD pair fell hard during the session on Tuesday, slicing through the 1.10 handle. However, there is still plenty of support all the way to the 1.09 handle, so although the candle looks very bearish, we...
USDCAD moved sideways in a narrow range between 1.1000 and 1.1053. As long as 1.1000 support holds, the price action in the range could be treated as consolidation of the uptrend from 1.0857, one more rise to...
The USD/CAD pair initially fell on Monday, but finds the 1.10 level to be supportive yet again. With that, we feel that the market should continue to meander around this area, and we feel that it is...
