USDCAD breaks below 0.9841 support and reaches as low as 0.9799, suggesting that the downtrend from 1.0523 has resumed. Further decline could be seen next week, and next target would be at 0.9600-0.9700 area. Key resistance is...
The USD/CAD pair bounced hard on Thursday as the 0.98 handle came into the mix in order to give the pair a lift. The recent consolidation did in fact breakdown in order to test the handle, but...
The USD/CAD pair fell somewhat significantly during the Wednesday session as the markets continue to look for yield. However, the pair is still above the 0.98 handle, and it is below there that we feel comfortable selling...
The USD/CAD pair fell hard during the Tuesday session as the risk on trade came back. Also, oil did give a slight bid for the session, and this helped the Canadian dollar as well. The fact that...
The USD/CAD pair rose for much of the session on Monday, only to turn around and form a wicked looking shooting star. The action suggests that we are going to continue to drift around in this consolidation...
The USD/CAD pair fell for the session on Friday as the “risk on” trade came back and the US dollar fell in general against most of the world’s currencies.
USDCAD stays in a trading range between 0.9841 and 1.0051. As long as 1.0051 key resistance holds, the price action in the range could be treated as consolidation of the downtrend from 1.0523, and another fall to...
USD/CAD rose on the session for Thursday as the oil markets were a bit soft, and the risk appetite in the general markets fell. The pair has recently been in massive consolidation, and the move on Thursday...
The USD/CAD pair had a bullish session on Wednesday as the oil markets fell for the day. The inventory number in the United States showed a larger build than expected, so oil fell in general. Because of...
The USD/CAD pair fell rapidly on Tuesday as the Canadian dollar made massive gains for the session. The Bank of Canada came out with a semi-bullish monetary policy report for the month of January.
