USDCAD is now in downtrend from 1.0445. Further decline would likely be seen next week, and next target would be at 1.0000 area. Resistance levels are at 1.0325 and 1.0445, only break above these levels could trigger...
The USD/CAD pair fell during the session on Thursday as the comments by several central bankers suggested that even more easy money would be on the way if the Greek elections caused a market meltdown. This isn’t...
The USD/CAD pair rose for the most part during the Wednesday session, after first trying to fall. The 1.03 level kept the market down, and as a result we have to wait to see the next move....
The USD/CAD pair fell during the session on Tuesday as the oil markets bounced slightly, giving some hope to the Canadian dollar bulls. The pair has been in a nice uptrend lately, but found a lot of...
The USD/CAD pair shot up like a rocket after first gapping to the downside on the open. The gap was filled, and the bulls went beyond that level as well. The candle from the Friday session is...
The USD/CAD pair rose quite a bit during the session on Friday, only to turn back around as the rumors of a bailout flew around the markets worldwide. The “hopium” trade seems to be back on the...
USDCAD has formed a cycle top at 1.04445 on daily chart. Further decline could likely be seen next week, and next target would be at 1.0000 area. Key resistance is now at 1.04445, only break above this...
The USD/CAD pair fell initially during the Thursday session as the trading world believed Ben Bernanke would deliver some kind of message of further quantitative easing to the Congress, but “Uncle Ben” finally spoke up for the...
The USD/CAD pair fell hard during the session on Wednesday as the market started to speculate that the Fed will be forced to ease again. The oil markets got a nice boost during the session, and as...
The USD/CAD pair attempted to rally on Tuesday, but in the end failed. In fact, it formed a shooting star at the end of the day, and this could be a signal that further weakness is coming.
