USDCAD is facing 1.0608 resistance, a break above this level will confirm that the uptrend from 0.9632 (Sep 14, 2012) low has resumed, then the target would be at 1.1000 area. Support is at 1.0390, only break...
The USD/CAD pair shot higher during the session on Friday, but as you can see the market pulled back and formed a shooting star, which of course is a very bearish sign. At the end of the...
The USD/CAD pair rose during the session on Thursday, testing the outer limits of resistance. This consolidation area looks like it’s getting ready to be broken above, and as a result a break above the highs from...
The USD/CAD pair went back and forth during the session on Wednesday, showing real indecisiveness in this marketplace. The market has a 100 PIP range roughly at this point time, and that being the case the market...
The USD/CAD pair initially fell during the session on Tuesday, but as you can see bounced yet again from just above the 1.04 level in order to form a very bullish candle. This market is just below...
USD/CAD pair fell during the session on Monday, but as you can see found enough support just above the 1.04 level. The resulting hammer suggests that the market is going to continue to consolidate in this general...
USDCAD breaks above the downward trend line on daily chart, suggesting that the downtrend from 1.0608 had competed at 1.0182 already. Further rise could be expected next week, and next target would be at 1.0650 area.
The USD/CAD pair rose during the session on Friday, but as you can see stays well within the consolidation area that we have been in over the last several sessions. That being the case, we feel that...
The USD/CAD pair shot higher during the session on Thursday, initially breaking above the 1.05 level. However, you can see that the market pulled back in order to close below that level and form a shooting star,...
The USD/CAD pair fell during the session on Wednesday, proving the 1.05 level to be tough resistance after all. However, we do see quite a bit of support down 1.04, so we feel that this market is...
