The USD/CAD rose during the Friday session as more and more people get concerned about the fiscal talks in the United States. The resulting candle is bullish, and we did manage close above the 0.9950 handle.
The USD/CAD currency pair fell during the trading session on Thursday, and even managed to bounce off of the 0.99 handle for support. The resulting candle ended up being a hammer, and we are just below the...
The USD/CAD pair rose during the session on Wednesday as we continue to press up against the 0.9950 resistance level. This market will move in reaction to the fiscal talks in Washington DC, as both economies are...
Even with the risk that the world’s largest economy could enter a recession, the Canadian dollar had the biggest intraday jump in almost two weeks against its US counterpart amid investor optimism about the country’s economic prospects.
The USD/CAD pair fell during the shortened Monday trading during the Christmas Eve holiday. Looking this chart, we cannot help but notice that the 0.9950 level is significant resistance, while the 0.9800 level offers support.
USDCAD remains in downtrend from 1.0055, the rise from 0.9824 is likely correction of the downtrend. Another fall is still possible after correction, and a breakdown below 0.9824 could signal resumption f the downtrend. Resistance levels are...
The USD/CAD pair shot through the 0.99 handle during the session on Friday, but failed to close above the 0.9950 level which was our signal to start buying. Because of this, we would have this pair as...
The USD/CAD pair fell from the 0.99 resistance level during the Thursday session as we continue to bounce around in this consolidation box. It appears that we have a bottom at the 0.98, and the top and...
The USD/CAD pair initially fell during the Wednesday session, but as the date grew longer, we got more and more negative headlines out of Washington DC which push the Dollar higher.
The USD/CAD currency pair rose during the session on Tuesday, but remains consolidating between the 0.98 and 0.99 handles. We think this pair will be one of the most sensitive to the so-called “fiscal cliff”, and as...
