USDCAD dropped sharply from 1.0779, taking price back to range trading between 1.0206 and 1.0852. A cycle top has been formed at 1.0779 level on 4-hour chart. Deeper decline to 1.0300-1.0350 is expected in a couple of...
USDCAD traded in a range between 1.0206 and 1.0852. The price action in the trading range is more likely a double bottom pattern on daily chart. Rise to test 1.0852 key resistance is expected next week, a...
USDCAD failed to break below 1.0206 support and bounced from 1.0224. Now the pair is forming a double bottom pattern on daily chart. Further rise to test 1.0852 key resistance is expected in a couple of weeks,...
Being contained by 1.0206 previous low support, USDCAD bounced sharply from 1.0224, suggesting that a cycle bottom had been formed on daily chart. Further rally to test 1.0748 resistance is expected next week.
MAJOR HEADLINES – PREVIOUS SESSION * CA Dec. leading Indicators out at +1.5% m/m vs. +1.0% expected and +1.3% prior * CA BOC leaves interest rates unchanged at 0.25% * US Jan. NAHB Housing Index out at...
USDCAD is testing 1.0206 previous low support. Break below this level would more likely be seen next week and next target would be at 1.0000 area. Resistance is at 1.0420, as long as this level holds, downtrend...
USDCAD is in downtrend from 1.0745. Further fall is still possible next week and target is to test 1.0206 previous low support. Fall below this level to reach next cycle bottom on daily chart would more likely...
USDCAD broke below 1.0405 support, suggesting that a cycle top has been formed at 1.0745 level on daily chart. Further decline towards 1.0206 is expected in a couple of weeks. Resistance is now at 1.0580, only rise...
Market Notes: As we’ll be technical this week, pay attention to these pairs:AUD/JPY- AUD is a strongest currency of the day and JPY is a weakest. The pair has reached its downtrend resistance line. Breaking of 82...
Being contained by 1.0748 resistance, USDCAD pulled back from 1.0745 level. Another fall towards 1.0206 previous low is expected in a couple of weeks and a breakdown below 1.0405 support could signal resumption of downtrend.
