The USD/CAD pair when higher during the session on Wednesday, breaking above the 1.11 level. However, we have not broken above the 1.12 level, so we are still in the consolidation area that we have been in...
USDCAD remains in downtrend from 1.1192, the rise from 1.1054 is likely correction of the downtrend. Another fall would likely be seen, and next target would be at 1.0980 area. Resistance is at 1.1192, only break above...
The USD/CAD pair rose during the session on Tuesday, taking back some of the losses from the Monday session. We still believe that this market goes higher ultimately, but we do not have the right supportive looking...
USDCAD’s fall from 1.1192 extended to as low as 1.1054. Deeper decline would likely be seen, and next target would be at 1.0950 area. Resistance is at 1.1192, only break above this level will indicate that the...
The USD/CAD pair initially try to rally during the session on Monday, but turned back around based upon the shooting star that we had formed on Friday. That selling pressure push the market lower, but we are...
USDCAD failed to break above 1.1224 resistance, and pulled back from 1.1192, suggesting that sideways movement in a range between 1.0910 and 1.1224 is underway. However, another rise to re-test 1.1224 resistance is still possible, a break...
Being contained by 1.1224 resistance, USDCAD pulled back from 1.1192. Another rise to re-test 1.1224 resistance would likely be seen, a break above this level will signal resumption of the uptrend from 1.0182 (Sept 19, 2013 low),...
USDCAD failed to break below the upward trend line on daily chart, and rebounded from 1.0910. However, as long as 1.1224 resistance holds, the consolidation of the uptrend from 1.0182 could be expected to continue, and one...
The USD CAD pair tried to rally during the session on Friday, but as you can see failed to hang onto the gains. Because of this, we ended up forming a shooting star as the 1.12 level...
The USD/CAD pair rose during the session on Thursday, albeit slightly. The market continues to try and break above the 1.11 handle, and of course the large round number will cause a little bit of a reaction....
