Being contained by the support of the lower line of the price channel on daily chart, USDCAD rebounded from 1.0180, suggesting that a cycle bottom is being formed on daily chart. Range trading between 1.0180 and 1.0341...
The USD/CAD pair did very little during the session on Friday, ultimately ending up slightly lower. We are currently just above the 1.02 handle, which is a minor level at best by our calculations.
The USD/CAD pair fell most of Thursday, but found enough support by the end of the session to form a nice looking hammer. Because of the shape of this candle, we think that the pair is ready...
The falling trend line on USD/CAD’s 1-hour time frame is holding for now but the pair is consolidating into what appears to be a symmetrical triangle. Traders are awaiting the results of the Canadian retail sales report,...
The USD/CAD pair initially fell during the session on Wednesday, but as you can see found support somewhere near the 1.0225 level. This formed a hammer, and it does in fact suggest that we are going to...
The USD/CAD pair rose during the session on Tuesday as the “risk off” trade came back into play. The move was in line with the recent bullishness that we have seen, and as a result we are...
The USD/CAD pair fell during the session after initially gapping higher on Monday, in reaction to the banking situation in Cyprus. However, we still maintain the thesis that this market needs to pull back to the 1.01...
USDCAD is facing the support of the lower line of the upward price channel on daily chart. As long as the channel support holds, the fall from 1.0341 could be treated as consolidation of the uptrend from...
The USD/CAD pair broke down a little bit during the Friday session, plunging below the 1.02 level. However, we think this market will find quite a bit of support just below at the 1.01 handle, and in...
The USD/CAD pair fell during the session on Thursday, as the US dollar fell against most currencies for the session. We have been waiting for a pullback in this pair, and it now looks like we could...
