USD/CAD Technical Analysis October 31, 2011
USD/CAD rose and retested the parity level on Friday, only to fall back down. This shows us that the breakdown in this pair was a serious one, and we think a breaking of the lows on Friday...
Tag: USDCAD
USDCAD Analysis – October 29, 2011
USDCAD continued its downward move from 1.0656 and the fall extended to as low as 0.9891. Further fall could be seen next week, and next target would be at 0.9700 area. Resistance is at 1.0050, only break...
USD/CAD Technical Analysis October 28, 2011
The USD/CAD sliced right through the parity level on Thursday as the EU finally came out with a bailout plan. The commodities markets took off as the US dollar was sold off against everything.
USD/CAD Technical Analysis October 27, 2011
USD/CAD fell hard during the Wednesday session as the rumors flew out of Europe that some kind of deal has been reached. At the close of the US session however, there are just that – rumors.
USD/CAD Technical Analysis October 26, 2011
The USD/CAD pair bounced hard from the parity level on Tuesday, an area that we have mentioned several times over the last week or two. The area offered support, and was urged on by the Bank of...
USD/CAD Technical Analysis October 25, 2011
USD/CAD fell on Monday as traders sold the Dollar around the world. The oil markets also managed to break above the $90 mark, and this was massive resistance. The demand for oil could and should push the...
USD/CAD Analysis (October 24)
After a sharp upside move towards 1,0650 the pair has been under intense pressure pulling back towards parity which is now being tested.
USD/CAD Technical Analysis October 24, 2011
USD/CAD fell on Friday and tested the parity support level in the process. The daily close is looking weak, but the level has held up. The market will be highly correlated to the oil markets
USDCAD Analysis – October 22, 2011
USDCAD remains in downtrend from 1.0656, and the fall extended to 1.0043. Further fall could be seen next week, and next target would be at 0.9800-0.9900 area. Resistance is at 1.0270, as long as this level holds,...
USD/CAD Technical Analysis October 21, 2011
The USD/CAD pair had a back and forth session on Thursday as traders first sold off risk, only to buy it back in the later hours of the session. This has been a bit of a trend...