The USD/CAD pair rose during the session on Friday, but still looks very vulnerable to the downside. At this moment time though, we do recognize the fact that the weekly candle is a bit of a hammer,...
USD/CAD had a sharp drop followed by a quick retracement yesterday, as the FOMC statement against tapering triggered overall dollar weakness. The pair is currently finding resistance at the 61.8% Fib on the 1-hour time frame.
The USD/CAD pair fell during the session on Thursday, but found enough support near the 1.0 180 level in order to form a nice looking hammer. This hammer of course Sims the market back higher on a...
The USD/CAD pair fell during the session on Wednesday, breaking below the 1.03 handle cleanly. This is predicated mainly upon the Federal Reserve tapering being put off, and with that being said the US dollar got absolutely...
USD/CAD fell during the session on Tuesday, but as you can see formed a little bit of a hammer and therefore really didn’t decide anything. With the Federal Reserve deciding on its tapering policy over the next...
The USD/CAD pair fell during the session as you can see on Monday, but found enough support just below the 1.03 handle in order to form a hammer. We feel this area is rather supportive, and therefore...
USDCAD’s downward movement from 1.0568 extended to as low as 1.0305. Further decline would likely be seen and next target would be at 1.0200 area. Resistance is at 1.0420, only break above this level could trigger another...
The USD/CAD pair rose during the session on Thursday as you can see, but still looks very weak overall. Because of this, we are not overly confident about buying this pair, and need to see a better...
The USD/CAD pair fell during the session on Wednesday as you can see, but remains above the 1.03 level. It is because of this that we aren’t quite ready to start selling yet, and as a result...
The USD/CAD pair fell during the session on Tuesday, but as you can see bounced enough to form a hammer. This hammer is right about where we expect to see support, right at the 1.03 handle.
