USDCAD remains in downtrend from 1.0608, the rise from 1.0245 is likely consolidation of the downtrend. Deeper decline to 1.0150 area is still possible after consolidation. Resistance is at 1.0445, only break above this level could trigger...
The USD/CAD pair rose during the session on Friday, but as you can see essentially went nowhere by the end of the day. Because of this we feel that this market is essentially going into some sort...
The USD/CAD pair tried to rally during the session on Thursday, but failed to hang onto gains as the markets pummeled the Dollar. The worse than expected US economic numbers shocked the markets, and as a result...
The USD/CAD pair rose during the session on Tuesday, for the second day in a row. This of course is a very strong sign, except for the fact that we are currently stuck in what we consider...
USD The US dollar started the week on a strong note, despite the Federal budget balance release which confirmed that the government surplus of more than 100 billion USD has turned into a deficit of nearly 100...
The USD/CAD pair rose during the session on Monday, peeking back above the 1.03 level again. That being said, we still think that this market is basically range bound and aren’t overly impressed by this move.
USDCAD is facing 1.0245 support, a breakdown below this level will indicate that the downtrend from 1.0608 has resumed, then next target would be at 1.0150 area. Resistance is at 1.0445, only break above this level could...
The USD/CAD pair fell during the session on Friday, but as you can see we are still in the middle of a bunch of support. This pair will be choppy, and quite frankly we would not be...
The USD/CAD pair rose above the 1.04 handle during the session on Wednesday, but as you can see stopped at the 1.0450 level. That being said, the market does look strong, but until we get a daily...
USD/CAD pair rose during the session on Tuesday, but as you can see could not break above the 1.04 handle, which of course means that it will struggle to go higher. In fact, we still want to...
