USDCAD broke above the upper border of the falling price channel, suggesting that the downtrend from 1.3063 has completed at 1.0784 level already. Further rally to 1.1700 zone to reach the next cycle top on daily chart...
USDCAD is moving to the next cycle top on daily chart. Further rebound to 1.1500 is still possible next week. However, the next cycle top is nearing, and the pair could be topping at 1.1448 level. Key...
USDCAD is forming a cycle top at 1.1289 level on daily chart. As long as 1.1289 resistance holds, we’d expect the downtrend to resume and further fall towards 1.0400 zone is possible. However, above 1.1289 level will...
Being contained by the resistance of the falling trend line from 1.2504 to 1.1813, USDCAD drops from 1.1289 level, suggesting that a cycle top is being formed on daily chart. Further fall is expected to re-test 1.0784...
USDCAD stays below the falling trend line from 1.2504 to 1.1813 and remains in downtrend from 1.3063. The rebound from 1.0784 is more likely consolidation of downtrend. However, above the trend line resistance will suggest that a...
No changed in our view, USDCAD remains in downtrend from 1.3063 and the fall extends further to as low as 1.0891 level. More quick moves is still possible next week and the next target would be at...
USDCAD remains in downtrend from 1.3063. More quick moves towards 1.0700 is expected in a couple of weeks. Initial resistance remains at the falling trend line from 1.2504 to 1.1813. As long as the trend line resistance...
USDCAD breaks below 1.1464 (Nov 5, 2008 low) long term key support, suggesting that a cycle top has been formed at 1.3063 on weekly chart. Further fall is now in favor, and the next target is at...
Being supported by 1.1464 previous low, USDCAD rebounds from 1.1474 level. Further rise towards the falling trend line on daily chart is possible next week. However, the rebound is more likely consolidation of the downtrend from 1.3063....
USDCAD remains in downtrend from 1.3063 and the fall extends to as low as 1.1490 level. The pair is now testing 1.1464 (Nov 5, 2008 low) long term key support, a break below this level will indicate...
