The USD/CAD pair rose during the Wednesday session to break above the 0.99 handle. However, we aren’t above the 0.9950 level which of course would free the buyers to push the price of this currency pair much...
The USD/CAD pair fell during the session on Tuesday, but formed a hammer as some of the losses recouped. We are currently sitting above a massive support zone from the 0.98 to 0.9850 level, and as such...
The USD/CAD pair fell slightly during a light volume holiday session on Monday. While the Europeans were trading for the session, the Americans were away for the Labor Day holiday.
The USD/CAD pair fell during the session on Friday in order to retest the bottom again. The 0.98 level should continue to hold as support in the meantime, but it does give way we think this pair...
USDCAD remains in downtrend from 1.0445, the rebound from 0.9842 is treated as consolidation of the downtrend. Resistance is located at the downtrend line on daily chart, as long as the trend line resistance holds, the downtrend...
The USD/CAD pair rose during the session on Thursday as the support continues to build around the 0.99 handle. The pair is currently towards the bottom of a larger consolidation zone between 0.98 and 1.04, and as...
The USD/CAD pair had an interesting session as it continues to show signs of support at the 0.9850 level on Wednesday. The hammer that was formed on Tuesday matches a hammer that was formed the previous week,...
The USD/CAD pair fell during the session on Tuesday, but managed to bounce in order to form a fairly impressive hammer just below the 0.99 level. The hammer does suggest for the second time within the last...
The USD/CAD pair fell during the session on Monday, but managed to bounce in order to form a hammer by the end of the trading day. Interestingly enough, the oil markets looked relatively weak on a day...
The USD/CAD pair fell during the session on Friday, but the overall action looks supportive all of the sudden. The 0.99 level looks very supportive at this point, and the weekly chart looks as if it is...
