No changed in our view, USDCAD remains in downtrend from 1.0523, the price action in the trading range between 0.9905 and 1.0050 is treated as consolidation of the downtrend. Further fall to 0.9700 is still possible after...
USD/CAD continued to dance around the parity level on Thursday as traders simply cannot move this pair one way or the other. The levels are too close to see breakouts in the near-term,
USD/CAD rose during the session on Wednesday as the markets went a bit sour overall. Oddly enough though, the oil markets were quiet as the Canadian dollar weakened.
USD/CAD rose again on Tuesday as the gap from the weekend was filled. The pair is sub-parity which is a negative sign; however there is a ton of support lower than here. The 0.9750 level is the...
The USD/CAD pair fell during the session on Friday, but managed a bounce towards the end of the day to form a hammer. The candle isn’t all that impressive as it simply is in the middle of...
USDCAD remains in downtrend from 1.0523, the rise from 0.9925 is likely consolidation of the downtrend. Another fall towards 0.9700 is still possible after consolidation, and a breakdown below 0.9925 could signal resumption of the downtrend. Resistance...
The USD/CAD pair initially spiked during the session as we started out with a “risk off” attitude. However, if you have been watching our videos, you know that the 1.01 area is a place that we saw...
USD/CAD fell during the session on Tuesday as the markets continue to grind around the parity level. The market seems to be capped at the 1.01 level, and the support runs all the way down to the...
The USD/CAD pair fell on Monday, only to bounce again and produce a hammer in the vicinity of the parity mark. The pair has been very messy lately, and we see the 1.01 level as a resistance...
USD/CAD rose on Friday as the “risk off” trade came back into play. The pair has been very choppy lately, and we are still stuck in the range that has been causing all of the problems. With...
