The USD/CAD pair bounced off of the lows during the session on Thursday, breaking above the 1.0050 level. The candle is very bullish, but essentially a small blip on the radar when it comes to the fall...
The USD/CAD pair fell during the session on Wednesday, but remains above the parity level. The pair did get a little bit of a bounce later in the session, although it did not bounce enough to form...
The USD/CAD pair fell during the session on Tuesday again, but still remained above the all-important parity level. Because of this, we don’t essentially see much in the way of trading this market, but do understand that...
The USD/CAD pair fell during the session after initially trying to rally. The 1.00 level below still offers a “trigger” for more sell orders, and as you can see the market simply is grinding at this point....
After last week’s strong selloff, USD/CAD is currently stalling around the 1.0075 resistance turned support level. This is in line with the 50% Fibonacci retracement on the 4-hour time frame.
USDCAD broke below 1.0083 support, suggesting that the downtrend from 1.0341 has resumed. Further decline could be seen over the next several days, and next target would be at 1.0000 area.
The USD/CAD pair fell during the session on Friday, after first gaining. The better-than-expected nonfarm payroll number out of the United States of course gave steam for this breakdown, as the Canadian dollar tends to do well...
The USD/CAD pair rose during the session on Thursday, breaking above the 1.01 handle again. This essentially violated the top of the shooting star from the session on Wednesday, so this simply shows more confusion. This area...
The USD/CAD pair fell during the session on Tuesday, breaking below the 1.01 handle for the first time in several weeks. Because of this, we feel that this market will continue much lower, and that we could...
USDCAD remains in downtrend from 1.0341, the rise from 1.0083 is likely correction of the downtrend. Further decline could be expected next week, and next target would be at 1.0000. Key resistance is at 1.0293, only break...
