USDCAD continues its downward movement from 1.1192, and the fall extends to as low as 1.1025. Deeper decline is still possible, and next target would be at 1.0970 area. Resistance is at the downward trend line on...
The USD/CAD pair did very little during the session on Tuesday, but did manage to test the 1.11 handle. We break out above it, but it does look like the markets ready to continue grinding sideways. We...
USDCAD stays below a downward trend line on 4-hour chart, and remains in downtrend from 1.1192. As long as the trend line resistance holds, the downtrend could be expected to continue, and next target would be at...
The USD/CAD pair went back and forth during the session on Monday, essentially settling nothing. We believe that this pair is essentially comfortable in this range, and as a result we do not expect much in the...
USDCAD remains in downtrend from 1.1192. Deeper decline would likely be seen, and next target would be at 1.0980 area. Resistance is at 1.1130, only break above this level could signal completion of the downtrend.
USDCAD’s downward movement from 1.1192 extended to as low as 1.1040. Deeper decline could be expected, and next target would be at 1.0980 area. Resistance is at 1.1130, only break above this level could signal completion of...
USDCAD moved sideways in a trading range between 1.0910 and 1.1224. As long as the trend line support holds, the price action from 1.1224 could be treated as consolidation of the uptrend from 1.0182, another rise towards...
The USD/CAD pair fell during the session on Friday, but found enough support at the 1.1050 level in order to bounce slightly. Nonetheless, the market seems as if it is consolidating in this general vicinity, but we...
The USD/CAD pair tried to rally during the session on Thursday, but found too much resistance and ended up forming a shooting star. The shooting star isn’t much of a candle though, and as a result we...
No changed in our view, USDCAD remains in downtrend from 1.1192, the rise from 1.1054 would possibly be correction of the downtrend. Another fall would likely be seen, and next target would be at 1.0980 area. Resistance...
