USDCAD’s upward movement from 1.0182 extends to as high as 1.0707. Support is now at 1.0550, as long as this level holds, the uptrend could be expected to continue, and next target would be at 1.1000 area.
The USD/CAD pair went back and forth during the session on Friday, in reaction to the nonfarm payroll numbers. This market looks like it’s essentially ready to go sideways for a little while longer, and the 1.06...
The USD/CAD pair rose during the session on Wednesday, breaking the top of the shooting star that had formed on Tuesday. This is a very bullish sign, and we think this pair continues to go higher. The...
The USD/CAD pair rose during the session on Monday, eclipsing the 1.06 handle by a significant amount. Finally. With that being the case, we are definitely looking to buy this market, and believe that any pullback at...
USDCAD breaks above 1.0608 resistance, suggesting that the uptrend from 0.9632 (Sep 14, 2012 low) has resumed. Further rise could be expected over the next several weeks, and next target would be at 1.1000 area. Support is...
The USD/CAD pair initially fell during the session on Friday, but as you can see has bounced high enough to break above the 1.06 handle on the daily close for the first time in ages.
The USD/CAD pair struggled during the session on Thursday, as the 1.06 level offers resistance though. However, you have to keep in mind that with the Thanksgiving holiday in America, the liquidity in this market would have...
The USD/CAD pair had a very strong session during the day on Wednesday, and one point in time even managed to challenge the 1.06 handle. This handle still offers a bit of resistance at the end of...
The USD/CAD pair tried to rally during the session on Tuesday as you can see, but gave back about half of the gains to form a candle the looks somewhat like a shooting star. Nonetheless, it appears...
The USD/CAD pair tried to rally during the session on Monday, but as you can see pullback enough to form a shooting star. This shooting star is pretty wicked looking, and as a result we believe that...
