Being contained by 0.9799 support, USDCAD rebounds from 0.9842, suggesting that a cycle bottom is being formed on daily chart. Further rise would likely be seen next week, and the target would be at the downward trend...
The USD/CAD pair rose during the session on Thursday, to test the top of the shooting star that was printed on Wednesday. The “risk off” trade seems to be back into play now, and the commodity currencies...
The USD/CAD pair rose during the session on Wednesday, but pulled back after the Federal Reserve minutes were released. In that release, it looks as if the Federal Reserve members are ready to ease monetary policy if...
The USD/CAD pair fell below the recent lows on Tuesday, but bounced in order to form a hammer just below the 0.99 level. This pair does look like it’s ready for a bounce of sorts, and we...
The USD/CAD pair did very little during the Monday session as we formed a decidedly neutral candle. The market is being supported just under the 0.99 level, and it looks like we are going to tread water...
The USD/CAD pair rose during the Friday session as the 0.9850 level acted as support. The result of this was the printing of a hammer for the weekly candle, and it does look like we are going...
USDCAD stays below a downward trend line on daily chart, and remains in downtrend from 1.0445. As long as the trend line resistance holds, downtrend could be expected to continue, and further decline to 0.9800 area is...
The USD/CAD pair fell during the session on Thursday again, to break down well below the 0.99 handle. This market looks extremely bearish, but it should be noted that is moving in relatively slow motion. Because of...
The USD/CAD pair fell during the session on Wednesday in order to finally break down below the 0.99 level. This area had acted as support over the last week, but now has given way and it looks...
The USD/CAD pair fell slightly during the session on Tuesday, but still remains above the 0.99 support level. The pair is obviously in a bearish trend, but we think that the move lower will be dependent on...
