The USD/CAD pair tried to rally during the session on Tuesday, but you can see that the 1.0250 level offered enough resistance to push the market back down. The US dollar struggle in general, and as a...
The USD/CAD pair fell during the session on Monday, but you can see that the 1.02 handle still offers enough support. Obviously, this is more of a zone than a line, but you can see that the...
USDCAD breaks below 1.0250 support, suggesting hat the uptrend from 1.0013 had completed at 1.0420 already. Further decline could be expected, and next target would be at 1.0050 area.
The USD/CAD pair fell rather hard during the Friday session, but managed to close right at the 1.02 level. This is the area that we have been watching and concluded that “bottom” of support. If we continue...
The USD/CAD pair plunged during the session on Thursday as the bottom of the shooting star from Wednesday was cracked. We smash through the 1.03 handle like it wasn’t even there, and then gone as low as...
The USD/CAD pair tried to rally during the session on Wednesday, but as you can see the 1.0380 level offered enough resistance in order to turn the market back around, and formed a shooting star.
The USD/CAD pair rose during the session on Tuesday, showing that the 1.03 level continues offer support in this market. We believe that eventually this market will breakout to the upside, and that the 1.04 level will...
The USD/CAD pair fell significantly during the session on Monday, crashing through the 1.03 handle again. This area should offer quite a bit of support, and as you can see although the market fell below it, it...
USD/CAD is one of the best currency pairs to trade in a ranging market environment. The pair is currently moving sideways on its 1-hour time frame, as it found support around 1.0300 and resistance near 1.0400.
USDCAD continues its upward movement from 1.0013, and the rise extends to as high as 1.0420. Further rise is still possible next week, and next target would be at 1.0500 area.
