Tag: USDCAD

USD/CAD fell slightly during the session on Thursday, continuing a pattern of range bound trading that we have seen over the last several days. The 0.99 level continues to act as support, and the parity level continues...

USD/CAD continues to fail at the parity level. The longer this goes on, the more bearish this pair looks to us. However, there is a ton of support going all the way down to the 0.9750 level.

The USD/CAD pair tried to rally during the Tuesday session, but failed at the parity level for the second day in a row. The oil markets rallied during the session, and this certainly had some kind of...

USD/CAD rose at first during the Monday session, but failed to hold onto the gains that the morning saw. The parity level acted as resistance after being support recently, and this is classic technical analysis.

The USD/CAD pair fell on Friday as the better than expected Non-Farm Payroll numbers had the market comfortable with taking risk. The Canadian dollar rose to the point that we have cleared the parity support area, but...

USD/CAD had a tight range for the Thursday session as traders await the employment numbers out of both countries today. The two economies are interconnected in major ways, and as a result the pair can be tricky...

USD/CAD fell on Wednesday, and even managed to get below the parity level. However, the market couldn’t maintain a break below the bottom of the Tuesday hammer, and as a result hasn’t really resolved much.

USD/CAD fell for most of the session on Tuesday, but bounced later in the session to close above the all-important parity level. The pair will continue to be held hostage by the oil markets, and as a...