The USD/CAD pair bounced around below the 0.98 level during the session on Tuesday as the market tries to figure out its next move. We believe that the 0.98 level will be the epicenter of consolidation in...
The USD/CAD pair fell a bit during the session on Monday as the 0.98 continues to be the focus of all things in this market. The oil markets went back and forth between wins and losses, and...
The USD/CAD pair fell during most of the session on Friday as the Canadian jobs number was outstanding. However, by the end of the session we got quite a bit of a bounce and formed a hammer...
USDCAD is forming a cycle top at 0.9884 on daily chart. Further decline to test 0.9632 support could be seen next week, a breakdown below this level will signal resumption of the downtrend from 1.0445, then next...
The USD/CAD currency pair fell after initially trying to rally during the Thursday session. The market made all the way towards the 0.99 handle and then was pressed downward by the sellers.
The USD/CAD pair rose during the session on Wednesday as we entered the resistance zone going all the way to 0.9950 or so. This cluster should continue to keep the bit of a lid on this currency...
The USD/CAD currency pair rose during the session on Tuesday as the 0.98 handle again acted supportive. We still believe that this pair will tread water between the 0.98 and 0.9850 levels, and as such we are...
The USD/CAD pair fell during much of the session, but bounced at the 0.98 handle in order to prove the area supportive yet again. Right now, it looks like we have a serious fight on our hands...
If we can use the Canadian Dollar futures markets as a barometer, speculators have become quite bullish on the loonie. In our recent quarterly review of the volume changes in currency trading, we noted the remaining open...
USDCAD is in consolidation of the downtrend from 1.0445. Range trading between 0.9632 and 0.9900 would likely be seen in a couple of weeks. Resistance is at 0.9900, as long as this level holds, we’d expect downtrend...
