USD/CAD analysis (July 25)
The USD/CAD has been under intense pressure in the beginning of last week testing and breaking below its multi-year low at 0,9450 to print a new fresh low at 0,9425.
Tag: USDCAD
USDCAD Analysis – July 23, 2011
USDCAD broke below 0.9444 support, suggesting that the long term downtrend from 1.0852 (2010 high) has resumed. Further fall could be seen next week, and next target would be at 0.9200 area. Resistance is at 0.9530, as...
USD/CAD analysis (July 22)
As we expected, the multi-year low at 0,9450 has now been tested. The pair even printed a new fresh low at 0,9425.
USD/CAD analysis (July 21)
The USD/CAD is now evolving in a clear bearish trend and is currently testing its multi-year low at 0,9450. A break below this level would accelerate decline with no clear target (the historical low from 2007 is...
USD/CAD Technical Analysis for July 20, 2011
USD/CAD fell again on Tuesday, making a push towards the 0.9450 support area. The level is significant as it is the last bit of resistance between current levels and the all-time lows. A bounce here isn’t out...
USD/CAD analysis (July 20)
The USD/CAD has been under pressure once again yesterday after the BoC rate decision. If the rate was confirmed at 1,00% as expected, the Central Bank has used a pretty hawkish tone which lead to a broader...
USD/CAD Technical Analysis for July 19, 2011
USD/CAD rose on Monday, but fell a bit during the late hours of the session. The pair is still in a bearish run, and looks set to go lower before it is all said and done. The...
USD/CAD analysis (July 19)
We are starting to see some form of material base on the pair with daily studies rolling over from oversold levels.
USD/CAD analysis (July 17)
After a new fail to establish above 0,97 and despite an attempt to hold above 0,9550 last week, the pair remains in intense bearish pressure.
USDCAD Analysis – July 17, 2011
USDCAD’s fall from 0.9912 extended to as low as 0.9520. Further fall to test 0.9444 previous low support is still possible next week, a breakdown below this level will indicate that the long term downtrend from 1.0852...