USDCAD rebounded from the lower line of the price channel on 4-hour chart, suggesting hat the pair remains in uptrend from 1.0182 (Sept 19 low), and the price action from 1.0707 could be treated as consolidation of...
The USD/CAD pair had a slightly positive session on Tuesday, proving the 1.06 level to be supportive. However, the markets were closed on Wednesday, so we can only look at the longer-term picture. Right now, it appears...
USDCAD stays within a upward price channel on 4-hour chart, indicating that the price action from 1.0707 is consolidation of the uptrend from 1.0182 (Sep 19 low). As long as the channel support holds, the uptrend could...
The USD/CAD pair fell during the balance of the session on Monday, but as you can see the 1.06 level has offered support again. This area has been supportive several times now, and as a result we...
USDCAD remains in uptrend from 1.0182 (Sep 19 low), the price action from 1.0707 could be treated as consolidation of the uptrend. Deeper decline would likely be seen in a couple of days, and the target would...
USDCAD remains in uptrend from 1.0182 and the rise extended to as high as 1.0737. Initial support is located at the lower line of the upward price channel on daily chart, as long as the channel support...
The USD/CAD pair tried to break out to the upside on Friday, but as you can see above the 1.07 level ran into a bit of trouble and ended up pulling back and forming a shooting star....
The USD 40/CAD pair fell during the session on Thursday, to retrace about half of the gains found on Wednesday. Nonetheless, we think this simply going to be a buying opportunity as we continue to chop around...
After breaking above 1.0707 resistance, USDCAD pulled back from 1.0727, suggesting that lengthier consolidation of the uptrend from 1.0182 (Sep 19 low) is needed. Deeper decline could be expected, and the target would be at 1.0580 area....
The USD/CAD pair broke higher during the session on Wednesday at the FMOC went ahead and announced a slight taper from the bond buyback program. Because of this, it appears that this pair is ready to go...
