USD/CAD rose at first during the Monday session, but was quickly beat back down by the sellers as the trend continued to the downside. The parity level is still acting as support, but the recent action in...
USD/CAD fell on Friday as traders continued to sell the Dollar in general. However, the parity level continues to put up a fight and offer support. The pair has yet to close convincingly below that mark, and...
USDCAD’s fall from 1.0422 extended to as low as 0.9981. Further decline is still possible next week, and next target would be at 0.9700-0.9800 area. Resistance is at 1.0100, as long as this level holds, downtrend will...
The USD/CAD pair fell during the Thursday session as traders pushed the market down below the parity level. The market continues to be pushed around by the oil markets, and will certainly be so for the near...
USD/CAD rose during the session originally as the oil markets fell for the day. However, as time wore on, the pair gave up most of its gains, and the resulting candle is a shooting star at the...
USD/CAD fell on Monday as the oil markets got a bit of a boost by the passing of sanctions by the EU on Iranian oil. Of course, this doesn’t really take effect until July 1,
The USD/CAD pair rose on Friday as the 200 day EMA held as support, along with the bottom of the triangle. The oil markets fell, and this is always bad for the Loonie given enough time. However,...
USDCAD broke below the triangle pattern on daily chart. Further decline could be seen over the next several weeks, and target would be at 0.9600-0.9700 area. Resistance is at 1.0230, as long as this level holds, downtrend...
USD/CAD fell on Thursday, and even managed to poke through the bottom of the massive symmetrical triangle that we have been watching lately. The breech of the uptrend line was significant, but even more important was the...
USD/CAD fell for the Wednesday session as the Dollar got hit around the world. The “risk on” scenario came back into play, and people bought many of the “riskier” currencies. However,
