The USD/CAD pair rose during the session on Wednesday, breaking above the 1.12 level finally. This is an area that we have been talking about for some time now, suggesting that it was the resistance that needed...
USDCAD broke above 1.1224 (Jan 31 high) resistance and reached as high as 1.1271. Further rise could be expected, and next target would be at 1.1400 area. Support is at 1.1185, as long as this level holds,...
USDCAD is facing 1.1153 resistance, a break above this level will indicate that the sideways consolidation started from 1.1224 (Jan 31 high) is complete, then the following upward movement could bring price to 1.1500 area. Support is...
The USD/CAD pair initially fell on Tuesday, but shot higher as the Bank of Canada’s Poloz said that the interest-rate cuts weren’t necessarily out of the question. This of course got the weak hands out of the...
The USD/CAD pair fell during the session on Monday, testing the 1.1050 level. That market bounces slightly from there though, and as a result it looks like we really are going to do much in the meantime....
USDCAD is forming a triangle pattern on 4-hour chart. Deeper decline would likely be seen, and the target would be at the bottom of the triangle pattern. Key support is at 1.0955, as long as this level...
USDCAD failed to break above 1.1192 resistance and pulled back from 1.1153, suggesting that lengthier sideways movement is underway. Deeper decline would likely be seen, and the target would be at 1.0990 area. Key support is at...
USDCAD continued its sideways movement in a range between 1.0910 and 1.1224. Key support is at 1.0910, as long as this level holds, the price action in the range could be treated as consolidation of the uptrend...
The USD/CAD pair rose slightly during the session on Friday, but quite frankly didn’t impress one way or the other. This market looks like it still stuck in consolidation, as we continue to hover around the 1.11...
The USD/CAD pair tried to break out to the upside, but pulled back enough to form a shooting star during the day on Wednesday. While this is normally a negative sign, we feel this is more or...
