The USD/CAD pair validated the shooting star at the 0.9650 mark on Thursday, falling down below the 0.96 handle and testing a minor support area. While it did bounce a little in late trading, the truth is...
The pair has been under intense pressure yesterday breaking below its recent low at 0,9580. We might see additional decline today if the market accelerates below yesterday’s low at 0,9570.
The pair remains under pressure after the breakout of its daily rising trendline with a next target at 0,95. However, the market seems to have found some support on top of 0,96 and we might see a...
The USD/CAD pair rose on Tuesday, even though the oil markets rose significantly. This doesn’t happen very often, and one would think that the CAD should appreciate because of the correlation. However, the 0.9650 area is crucial...
The pair remains under pressure after the breakout of its daily rising trendline with a next target at 0,95. However, the market seems to have found some support on top of 0,96 yesterday and we might see...
USD/CAD rose on Monday, bouncing slightly as the holiday in America crushed most of the volume. The pair broke through major support at the end of last week, and this sets us up for shorting this pair...
The pair is back under pressure after its break below its rising trendline. Next target is given at 0,95 (weekly bollinger band) with an extension towards multi-year low at 0,9450.
With a break below its rising trendline last week, the USD/CAD is poised to resume its downtrend with a next target at 0,95 (near previous low and weekly lower bollinger band).
USDCAD broke below 0.9669 key support, and reached as low as 0.9580, suggesting that a cycle top had been form at 0.9912 on daily chart, and the rise from 0.9444 had completed. Deeper decline towards 0.9444 previous...
The USD/CAD is back under pressure after the break of its rising trendline (see chart below). We expect a continuation of the move to the downside with next target at 0,95 corresponding to the daily lower bollinger...
