USDCAD broke below 1.0460 support, suggesting that the uptrend from 1.0013 had completed at 1.0608 already. Further decline could be expected and the target would be at 1.0150 area. Resistance is now at 1.0608, only break above...
The disappointing FOMC meeting minutes triggered a sharp selloff for USD/CAD, pushing it below the 1.0500 handle and down to the 1.0350 area. Stochastic is already in the oversold region, suggesting that a potential bounce could take...
The USD/CAD pair fell below the 1.04 level again, and now looks suspiciously weak. This is a pair that has been decidedly resilient lately, and below level I.03 level there is a significant support to keep this...
The USD/CAD pair fell hard during the session on Wednesday, as the Federal Reserve releases its minutes from the last meeting.
The USD/CAD pair fell during the session on Tuesday, pulling back to the 1.05 handle roughly. This continues to grind higher, but we have seen over the last couple of weeks.
USD/CAD is trending higher on its 1-hour time frame after it found support around the 1.0500 area. The Loonie is currently being supported by the rise in oil prices, which was spurred by the conflict in Egypt,...
The USD/CAD pair fell during the session on Monday, but as you can see not very far. It appears that the market is trying to find support somewhere near the 1.0550 level, and because of that we...
The Loonie has been edging lower against the U.S. dollar gradually, as the pair has formed a shallow rising channel on its 1-hour time frame. The pair is currently testing the top of the channel, with stochastic...
USDCAD continues its upward movement from 1.0137, and the rise extends to as high as 1.0608. Further rise could be expected after a minor consolidation, and next target would be at 1.0800 area. Support is at 1.0460,...
The USD/CAD pair rallied during the session on Friday, as the nonfarm payroll numbers in the United States came out much stronger than anticipated.
