Tag: USDCAD

USDCAD’s downtrend extended further to as low as 0.9930. Deeper decline is still possible in a couple of weeks and next target would be at 0.9500 area. Resistance is now at the falling trend line on daily...

USDCAD breaks above the upper boundary of the falling price channel on daily chart, suggesting minor consolidation of downtrend from 1.0779 is underway. Further rally towards 1.0302 is expected next week. As long as this level holds,...

USDCAD stays in a falling price channel on daily chart and remains in downtrend from 1.0779. Another drop towards 0.9900 could be seen next week after a minor consolidation. Resistance is at the upper border of the...

USDCAD is testing 1.0061 support, below this level will indicate that the downtrend from 1.0779 has resumed, then another fall towards 0.9900 could be seen. Resistance is now at the upper border of the price channel and...

USDCAD is forming a cycle bottom at 1.0061 level on daily chart. Range trading between 1.0061 and 1.0370 would more likely be seen in a couple of weeks. However, the bounce from 1.0061 is treated as consolidation...

USDCAD remains in downtrend from 1.0779 and the fall extends further to as low as 1.0061 level. Deeper decline is still possible after a minor consolidation and next target would be at 0.9900-1.0000 area. Resistance is at...

USDCAD broke below 1.0206 previous low, suggesting that the long term downtrend from 1.3063 (Mar 9, 2009) has resumed. Further decline is expected next week and next target would be at 1.0000 area. Resistance is at 1.0320,...

USDCAD is facing the previous low support at 1.0224, a breakdown below this level will indicate that the long term downtrend from 1.3063 (Mar 9, 2009) has resumed, then next target would be at 1.000 area. On...

USDCAD continues its sideways movement in a range between 1.0206 and 1.0852. Lengthier consolidation in the trading range is still possible in a couple of weeks and one more fall to 1.0250-1.0350 area is expected next week.

USDCAD formed a cycle top at 1.0779 level on daily chart. Moving sideways without trend in a range between 1.0206 and 1.0852 is expected in next several weeks. Target for next week would be at 1.0250-1.0350 area.