The USD/CAD pair fell initially during the session on Friday, but as you can see formed a nice looking hammer which suggests to us that this area could cause a bounce. That being the case, we think...
The USD/CAD pair tried to rally during the session on Tuesday, but as you can see ran into enough trouble just below the 1.04 level in order to keep the rally from going anywhere. At the end...
The USD/CAD pair fell during the session on Monday, but found support again at the 1.0350 region. This area should be supportive as far as we can tell, and as a result we are not ready to...
USDCAD remains in downtrend from 1.0568, the rise from 1.0182 is likely correction of the downtrend. Another fall towards 1.0000 would likely be seen after correction, and a breakdown below 1.0270 support could signal resumption of the...
The USD/CAD pair fell hard during the session on Friday, smashing through the bottom of the hammer that had formed on Thursday. That turns that hammer into a bit of a “hanging man”, but in the end...
The USD/CAD pair rose during the session on Tuesday, breaking to the 1.0370 handle during the session. However, we still have to worry about the 1.04 handle as being significant resistance, so it does make sense that...
The USD/CAD pair tried to rally during the session on Monday, but gave back most of the gains. We seem mired in some type of stagnant situation around the 1.03 handle, and as a result we are...
USDCAD’s rise from 1.0182 extended to as high as 1.0356. As long as 1.0380 resistance holds, the rise could be treated as consolidation of the downtrend from 1.0568, another fall towards 1.0000 is still possible.
The USD/CAD pair fell during the session on Friday, testing the 1.03 level. We did close a couple of pips below there, but we are still well within the supportive band that we’ve seen recently, and as...
The USD/CAD pair did very little during the session on Thursday as we await the nonfarm payroll numbers later today. This pair tends to be very volatile during that announcement, so it’s not very difficult to imagine...
