USDCAD is testing 1.3028 support, a breakdown below this level could signal resumption of the downtrend from 1.3104, then further decline towards 1.2950 could be seen. Near term resistance is at 1.3080, a break of this level...
USDCAD is facing 1.3028 support, a breakdown below this level could take the price to 1.2950 area. Near term resistance is at 1.3080, a breakout of this level could signal resumption of the uptrend from 1.2951, then...
No changed in our view, USDCAD is now in the downtrend from 1.3104, another fall towards 1.2950 would likely be seen in the coming days, and a breakdown below 1.3028 support could signal resumption of the downtrend....
Bank of Canada will have its first rate meeting this year on January 22. Recent strong jobs data and high inflation likely allows BOC to maintain a steady rate. Latest jobs report from Canada shows a strong...
USDCAD is now in the downtrend from 1.3104, further decline would likely be seen in a couple of days and next target would be at 1.2980 area. Resistance is at 1.3104, only break above this level could...
USDCAD broke below the rising price channel on the 4-hour chart, suggesting that the upside movement from 1.2951 had completed at 1.3104 already. Further decline would likely be seen in the coming days and next target would...
USDCAD remains in the downtrend from 1.3327, the bounce from 1.2951 is likely consolidation for the downtrend. As long as 1.3110 resistance holds, the downtrend could be expected to resume, and further decline to 1.2800 area is...
USDCAD’s upside movement from 1.2951 extended to as high as 1.3104. As long as the price is in the rising price channel on the 4-hour chart, the upside movement could be expected to continue and next target...
USDCAD is in consolidation for the downtrend from 1.3327. Further rally is still possible and the target would be at the bearish trend line on the 4-hour chart. However, as long as the trend line resistance holds,...
USDCAD broke above 1.3007 resistance, suggesting that lengthier consolidation for the downtrend from 1.3327 is underway. Further rally is possible in a couple of days and the target would be at the bearish trend line on the...
