The bullish run in the financial markets looks to have lost its momentum as fears over the state of global finances resurfaced. The US dollar stands to gain over its Canadian counterpart to commence the week’s exchanges...
The USD/CAD pair formed a hammer on the Friday session as the 0.97 level offered a bit of support. This was somewhat counterintuitive, but more than likely it had to do with traders not willing to hold...
USDCAD’s downward movement from 1.0445 extends to as low as 0.9632. Further decline could be expected next week, and next target would be at 0.9500 area. Resistance is at 0.9780, as long as this level holds, the...
The USD/CAD pair fell hard during the session on Thursday after the quantitative measures was announced by the Federal Reserve. Oil prices rose, and as such the Canadian dollar did as well. This pair fell obviously, and...
The USD/CAD pair rose during the Wednesday session in order to form a complete turnaround of the selloff on Tuesday. Nonetheless, we are still under the 0.98 handle, and until we break well above that we still...
The USD/CAD pair fell during the session on Tuesday as the US dollar looks set to be debased again by the Federal Reserve. With further quantitative easing seemingly coming on Thursday, this should increase the demand for...
The USD/CAD pair fell for much of the session on Monday, but did manage to balance in order to form a hammer. If we can get back above the 0.98 handle, this would signify that there is...
The USD/CAD pair fell through the 0.98 handle on Friday as the jobs number in the United States came out weak. This should signal further monetary easing by the Federal Reserve, and as such the commodity currencies...
USDCAD breaks below 0.9799 support, and reaches as low as 0.9765. Further decline could be expected over the next several days, and next target would be at 0.9600 area. Key resistance is at the downward trend line...
The USD/CAD pair fell hard during the Thursday session and crashed into the support level at the 0.98 level. One thing you should know about this currency pair is that it is highly sensitive to the jobs...
