USD/CAD Prices May 23, 2012, Technical
The USD/CAD pair had a bullish session for Tuesday as the bounce recaptured much of what was lost on Monday. The oil markets fell again, and this certainly helped the rise in this pair. The Dollar is...
Tag: USDCAD
USD/CAD Forecast May 22, 2012, Technical Analysis
The USD/CAD pair fell on the session for Monday and the action was very weak. This pair has recently broken out to the upside recently, and the 1.01 level now should be supportive all the way down...
USD/CAD Forecast May 21, 2012, Technical Analysis
The USD/CAD pair fell for most of the session but saw a nice bounce at the end of the day as the oil markets fell apart. The 1.02 level gave way, and we now are well above...
USDCAD Analysis – May 19, 2012
USDCAD’s upward movement from 0.9799 extends to as high as 1.0226. Further rise would likely be seen next week and next target would be at 1.0400 area. Support is at 1.0080, as long as this level holds,...
USD/CAD Forecast May 18, 2012, Technical Analysis
USD/CAD shot straight up during the Thursday session as the “risk off” trade continued. The oil markets still look weak, but they are starting to stabilize just slightly. This pair hasn’t shown signs of slowing down, and...
USD/CAD Forecast May 17, 2012, Technical Analysis
The USD/CAD pair has been one that we have been watching for several sessions, and the biggest problem we had was the fact that the “parity” level was not only resistive, but 100 pips thick.
USD/CAD Forecast May 16, 2012, Technical Analysis
The USD/CAD pair rose during the session on Tuesday as the risk off trade continues. The oil markets also fell, with the Light Sweet Crude markets now well below the $95 support level.
USD/CAD Forecast May 15, 2012, Technical Analysis
The USD/CAD pair rose on Monday as the Dollar continues to strengthen everywhere at once. The risk off attitude continues to haunt this pair, and the fact that the oil markets have broken down a bit; we...
USD/CAD Forecast May 14, 2012, Technical Analysis
The USD/CAD pair fell for most of the session on Friday, but had a nice bounce in the late hours to form a hammer on the parity level. The markets have taken a decidedly “risk off” tone...
USDCAD Analysis – May 12, 2012
USDCAD break above 1.0051 key resistance, suggesting that the downtrend from 1.0523 has completed at 0.9799 already. Further rally could be seen next week, and next target would be at 1.0200 area. Key support is at 0.9799,...