USDCAD’s bounce from 0.9891 extended to as high as 1.0523. Further rise towards 1.0656 previous high is still possible next week. Support is now at 1.0350, only break below this level could indicate that the rise is...
USD/CAD finally smashed through the 1.03 barrier as the risk trade got hammered on Monday. The barrier should turn into support at this point, and the pair should press ahead to retest the recent highs in the...
USD/CAD rose during the session on Friday as the pair continues to grind higher just below the 1.03 level. The pair’s has been in consolidation recently, and the oil markets have been pushing it around. The 1.03...
USDCAD’s upward move extended to as high as 1.0300. However, the pair has lost its upward momentum, a breakdown below 1.0100 could signal resumption of downtrend from 1.0656, then another fall towards 0.9406 could be seen.
The USD/CAD pushed higher on Thursday, testing the 1.03 handle again. The 1.03 level is the top of the recent consolidation area, and the sight of massive resistance. The breaking of this area on a daily close...
The USD/CAD spiked during the session on Tuesday as traders bought into the safety trade. At the same time, the oil markets recovered to build up an attempt at the $100 mark, which is very supportive for...
The USD/CAD pair rose on Monday as the commodity markets sold off due to risk issues in the EU. The market continues to consolidate in the parity to 1.03 levels with a particularly strong interest in the...
USD/CAD fell during the Friday session as the oil markets took off. With this pair’s sensitivity to the price of oil, it was no surprise that there was demand for the Loonie. The parity level still sit...
USDCAD’s upward move extended to as high as 1.0265. Further rise is still possible in a couple of weeks, and target would be at 1.0400. Key support is at 1.0050, a breakdown below this level will indicate...
USD/CAD fell on Thursday as the oil markets continue to rise in value. The CAD always gets a boosts in this types of situations, as the world continues to buy the biggest Canadian export.
