USD/CAD had a very neutral day on Wednesday as the market attempted to break the pair down below the 1.01 level and failed. The resulting daily candle was a doji, and finished just slightly positive.
USD/CAD fell hard on the session Tuesday as traders moved out on the risk trade a bit, especially in the afternoon in America. The pair has rested down near the 1.01 level, which has been supportive lately.
USD/CAD had a relatively quiet day on Monday. The pair is highly sensitive to the oil markets as the Canadians export so much to the United States. The pair is often used as a proxy for oil...
USDCAD is now in downtrend from 1.0523. Further fall could be expected in a couple of weeks, and next target would be at 0.9800 area. Resistance is at 1.0250, as long as this level holds, downtrend will...
The USD/CAD pair had initially fallen in the wee hours of Friday before bouncing after the Non-Farm Payroll announcement. The markets produced a hammer for the session, and it currently sits on the 1.01 level – the...
USD/CAD fell again on Thursday as traders continue to buy the “risk on” trade. The USD/CAD will particularly interesting today as it has an interesting dynamic when it comes to the US jobs market.
The USD/CAD pair fell apart during the session as the central banks of the major economies around the world have agreed to cut the cost of swapping Dollars in order to fund banks.
The USD/CAD pair fell on Tuesday and even managed to pierce the 1.03 support level before bouncing to sit right on it at the end of the session. The resulting daily candle looks very much like a...
The USD/CAD had a volatile day on Friday as traders first attempted to sell it off, only to turn around and buy it back. The markets nature suggests that the run to safety will continue, which means...
The pair is now on its way up after a bounce confirmation on parity.
