The USD/CAD pair fell during the session on Monday, breaking through the 1.04 handle. The market looks like it is trying to dig into the support area below, but that being the case we feel that waiting...
The US unemployment rate dropped to 7.3% down 0.1%. To achieve this improvement, a record 516K of potential workers had to drop out of the work force in the latest month.
USDCAD breaks below 1.0450 support, suggesting that the upward movement from 1.0245 had completed at 1.0568 already. Further decline could be expected, and next target would be at 1.0200 area.
The USD/CAD pair got hit very hard during the session on Friday as the nonfarm payroll numbers came out weaker than anticipated. On top of that, Canadian employment numbers came out stronger than anticipated, so this of...
The USD/CAD pair fell during the session on Wednesday as you can see, testing the 1.05 handle significantly. However, this is an area that brings in a bit of support, as does the area all the way...
The USD/CAD pair fell during the session on Tuesday, but as you can see the 1.05 level continues offer support. This market looks like it’s going to continue higher, but is going to be a bit of...
The USD/CAD pair did almost nothing during the session on Monday as one would expect. After all, this pair is more heavily traded during North American trading hours, and both the Americans and Canadians were celebrating Labor...
USDCAD remains in uptrend from 1.0245. Another rise to test 1.0608 previous high resistance is possible next week, a break above this level will indicate that the longer term uptrend from 0.9632 (Sep 14, 2012 low) has...
The USD/CAD pair did absolutely nothing during the session on Friday as we continue to grind sideways around the 1.05 handle. This market is ultimately bullish as far as we can tell, but we need to clear...
The USD/CAD pair rose during the session on Thursday as the US dollar got a bit of a boost against most currencies. On top of that, oil pulled back finally, as it has been overbought lately.
