The USD/CAD pair rose for much of the session on Tuesday, but fell again once the Federal Reserve released its minutes from the last meeting. The release didn’t give any signs of further quantitative easing, and the...
The USD/CAD pair fell on Monday as the oil markets perked back up. The pair has been stuck in consolidation lately, capped by the parity level on the upside, and the 0.9850 level on the lower part.
The USD/CAD pair still struggled at the parity level on Friday, in a pattern that has become quite familiar. The market looks like it wants to consolidate, and as such we can only play this as a...
USDCAD continues its sideways movement in a range between 0.9841 and 1.0050. Lengthier consolidation in the range is still possible in a couple of weeks. As long as 1.0050 key resistance holds, downtrend from 1.0523 could be...
The USD/CAD pair initially rose during the session on Thursday but pulled back as the resistance level held true yet again. The 200 day EMA was tested at the very highs, and although the oil markets fell...
The USD/CAD pair rose again during the Wednesday session as the oil markets fell. The inventory numbers out of America and this sent the oil markets lower. The Canadian dollar is always sensitive to oil prices, and...
The USD/CAD pair rose slightly during the Tuesday session as the market bounced from the recent support levels that have kept this market in check lately. The 200 day EMA is just above, and held the market...
The USD/CAD pair fell hard on Monday as the Federal Reserve Chairman stated that the low rates in the United States were going to be used for as long as possible, stifling the suggestion that the Fed...
The USD/CAD pair originally rose during the Friday session as the market peeked over the parity level. However, the later hours of the day saw the pair fall back below the parity level, and as a result...
USDCAD stays in a range between 0.9841 and 1.0050. the price action in the range is treated as consolidation of the downtrend from 1.0523, and another fall to 0.9600-0.9700 area is is possible. On the upside, a...
