USDCAD remains in downtrend from 1.0422, and the fall extended to as low as 0.9841. As long as 1.0050 key resistance holds, the price action in the trading range between 0.9841 and 1.0050 is treated as consolidation...
The USD/CAD pair fell on Thursday as the “risk on” trade came back in anticipation of the Greek bond swap deal. The oil markets also rose a bit during the session, and the Canadian dollar found a...
The USD/CAD pair fell from the parity level on Wednesday as the resistance held true. However, there is a ton of support below, and at varying levels all the way down to the 0.97 handle. With this...
USD/CAD Rose again during the session on Tuesday as the oil markets sold off. This is the normal correlation between these two markets, and as a result no big surprise.
The USD/CAD pair rose on Monday as the price of oil sat fairly still. The market is now entering the recent consolidation area of 0.99 to 1.0050 or so. This should offer a bit of resistance, but...
The USD/CAD pair rose during the session as oil fell. The pair reacted in a Dollar positive manner as many of the other currencies pair did the same. The parity level continues to offer resistance, and the...
USDCAD’s downward movement from 1.0422 extends to as low as 0.9841. Further decline is still possible next week, and next target would be at 0.9700 area. Key resistance is at 1.0050, a break above this level will...
USD/CAD continued its grind lower on Thursday as the pair fell below the 0.9850 level for the first time in months. The candles over the last three days have all been red, and they look fairly weak...
The USD/CAD pair fell during the session as the markets originally ran away from the US dollar. However, the “risk off” trade came back into play towards the end of the session, and the market bounced quite...
USD/CAD fell on Tuesday as the shooting star from the Monday session triggered technical selling. The area the pair is in has been very consolidative, and as long as that remains so, we see no real longer-term...
