USDCAD remains in downtrend from 1.3063. Deeper decline is expected to test 1.1761 previous low support next week. A break below this level will signal further fall to 1.1600 zone. Initial resistance is now at the falling...
After touching 1.2500, USDCAD pulls back sharply to as low as 1.2072. The pair remains in downtrend from 1.3063. Deeper decline is expected to 1.1700 zone next week. Key resistance is now at 1.2504, only rise above...
USDCAD rebound sharply from 1.1981 level, suggesting that a cycle bottom is being formed. Key resistance is now located at 1.2483, a break above this level will confirm the cycle bottom, and then further rally could be...
USDCAD breaks below 1.2191 support, suggesting that the medium term downtrend from 1.3063 has resumed. Deeper decline is still possible next week and the target is to test 1.1761 previous low support. Key resistance is now at...
USDCAD is testing the support of 1.2191. As long as the pair stays above this level, we’d expect range trading between 1.2191 and 1.2714 to continue. However, a break down below 1.2191 level will signal deeper decline...
USDCAD’s downtrend remains and the fall from 1.2714 could possibly be resumption of the downtrend. Deeper decline is still possible next week and the next target would be at 1.1900-1.2000 area. Near term resistance is located at...
USDCAD remains in downtrend from 1.3063. The rebound from 1.2191 is treated as consolidation of the downtrend. Deeper decline is still possible to 1.2000 zone after consolidation. Near term resistance is at 1.2500, above this level will...
USDCAD has formed a cycle top at 1.3063 level on daily chart. Further fall is expected next week and target would be at 1.2000 zone. Near term resistance is at 1.2500, as long as this level holds,...
USDCAD drops below 1.2500 key support, suggesting a cycle top has been formed at 1.3063 level on daily chart, and the pair is back to range trading between 1.1464 and 1.3063. Further fall is now in favor....
USDCAD broke above 1.3015 (Oct 28, 2008 high) resistance and reached 1.3063 only. The following pullback suggests that a cycle top is being formed on daily chart. Key support is now located at 1.2500, a break below...
