The USD/CAD pair attempted to rally on Monday, but fell short of anything that would impress us enough to get involved. The Friday shooting star suggested a continuation to the downside, and it does look like any...
USD/CAD and try to rally during the Friday session, but was slapped back down to form a massive shooting star to sit just above the 0.99 level. This shows extreme bearishness, and just how negative the view...
USDCAD’s downward movement extends to as low as 0.9905. Further decline could be expected over the next several days, and next target would be at 0.9800 area. Resistance is at the downward trend line on daily chart,...
Thursday saw the USD/CAD accelerate to the downside as we have suggested after the Wednesday trading session. The fact that we have broken the bottom of the downtrend channel, suggest that perhaps the downward momentum is about...
USD/CAD fell during the session on Wednesday as the parity level has all but given up at this point. The move continues to extend itself, and we’re now well below the bottom of the downtrend channel suggesting...
The USD/CAD pair broke down during the session on Tuesday in order to finally get below the parity level. We are starting a get into the “meat” of the support below parity, but we think that this...
The USD/CAD pair fell during the Friday session as the parity level was pierced. However, by the end of the session we saw parity hold in this suggests that perhaps we are ready for a bounce.
USDCAD remains in downtrend from 1.0445, and the fall extends to as low as 0.9979. Further decline is expected next week, and next target would be at 0.9800 area. Resistance is now at the downward trend line...
The USD/CAD pair gained for the session on Thursday as the “risk off trade came back into play. However, we see the 1.0150 level as resistive, and also recognize the fact that we are in a down...
The USD/CAD pair rose during the session on Tuesday as it bounced from the parity level. We suggested yesterday that this could be the case, and it does in fact look like the level held as support....
