The USD/CAD pair has been a mess lately, and the action from the Wednesday session did very little to clear things up. The hammer shaped candle shows that perhaps the support is coming back into the fold,...
The USD/CAD pair spiked quite nicely during the Tuesday session as the Saudis announced that they are able to increase output in the oil markets to help contain pricing. The Canadian dollar tends to follow the value...
The USD/CAD pair fell during the Monday session as the oil markets gained for the day. The pair has run below the 0.99 support level, but has many more to worry about as well. The 0.99, 0.98,...
The USD/CAD pair fell ever so slightly during the Friday session as the oil markets rose just a bit. The market for this pair is highly congested, and as such a difficult one to trade at this...
USDCAD moves sideways in a range between 0.9841 and 1.0050, as long as 1.0050 resistance holds, downtrend could be expected to resume, and one more fall to 0.9600-0.9700 area is still possible. On the upside, a break...
The USD/CAD pair fell during the session on Thursday as the oil markets were rocked back and forth due to rumors of the Strategic Petroleum Reserve being tapped by both the United States and the United Kingdom....
The USD/CAD pair gained during the session on Wednesday as the oil markets fell. The pair continues to chop around below the parity level and with so many different support levels below, this pair will continue to...
The USD/CAD pair fell for the session on Tuesday as the “risk on” attitude came back into the markets. The parity level above continues to push prices lower in this pair, and as a result this pair...
The USD/CAD pair rose a bit during the session on Monday as oil prices fell. The pair still has a lot of weigh hanging overhead, so this bounce does little to inspire confidence for the bulls though....
The USD/CAD pair went back and forth for the Friday session as the market simply cannot make any real headway in either direction currently. This is because of several different factors, but most notably the oil markets,...
