The USD/CAD pair fell during the Tuesday session, and continues to react inversely to the oil markets. The parity level below still keeps this market afloat though, and until we get a close below it on the...
The USD/CAD bounced on Monday as the trading world started to shun risk assets globally. The oil markets were soft, and so were the equity markets. This sends risk assets down, and in this case – the...
The USD/CAD continued to fall during the Friday session, and now looks set to retest the parity level. The level is massive support, and far too close for comfort to sell at this level, so unless you...
USDCAD’s fall from 1.0656 extended to as low as 1.0093, suggesting that the uptrend from 0.9406 had completed. Further fall could be seen after consolidation, and next target would be at 0.9900 zone.
USD/CAD fell hard during the session on Wednesday, breaking several stops along the way. The pair is typically tied to the oil markets, and as a result – we normally will watch both simultaneously. Something odd happened...
USD/CAD rose, and then fell during the session on Tuesday, forming a shooting star-shaped candle at the end of the session. The pair has recently fallen, and the shape of the candle suggests that trouble could be...
The Canadian dollar appreciated against the Greenback on Monday as trader bought risk around the globe. One of the most heavily bought areas was in the energy sector, especially the oil markets.
The pair continues to be well bid above parity despite the recent choppy price actions.
USDCAD has formed a cycle top at 1.0656 on daily chart. Consolidation of uptrend from 0.9406 could be seen in a couple of weeks, and the trading range would be between 1.0200 and 1.0656. Key resistance is...
USD/CAD continued to fall on Thursday as traders are willing to take on a bit more risk over the last several sessions. The pair is highly correlated to the oil markets, and the announcement of a larger...
