Tag: USDCAD

USDCAD rebounds sharply from 1.0297 and formed a cycle bottom on daily chart. Further rise above 1.0819 previous high is still possible in next several days. Long term key support is now located at 1.0297, a break...

USDCAD traded in a narrow range between 1.0297 and 1.0397 for several days. Deeper decline is still possible. However, rebound towards 1.0650 zone would more likely be seen next week, and a break of 1.0410 level will...

USDCAD broke below 1.0410 support. Further pullback is still possible to 1.0200 zone. Initial resistance is at 1.0515, as long as this level holds, we’d expect down trend to continue. However, a break of 1.0515 level will...

As expected, USDCAD pulled back to 1.0429 level and is testing 1.0410 support. As long as 1.0410 level holds, we’d expect up trend to resume and rise towards 1.1400 is possible after consolidation. However, a break below...

USDCAD is in consolidation to up trend. Pullback towards 1.0500 zone to reach the next cycle bottom on daily chart is still in favor. As long as 1.0410 support holds, we’d expect up trend to resume, and...

As expected, USDCAD pulled back from 1.0819 level. Further fall could be seen to 1.0500 zone in a couple of days. As long as 1.0410 support holds, we’d expect up trend to resume, and rise towards 1.1200...

USDCAD traded in a narrow range between 1.0541 and 1.0776 for several days. Pullback towards 1.0500 zone to reach the next cycle bottom on daily chart would more likely be seen before breaking above 1.0776 previous high....

USDCAD is in consolidation to up trend. Pullback towards 1.0500 to reach next cycle bottom on daily chart is possible next week. Key support is at 1.0410, as long as this level holds, we’d expect up trend...

USDCAD breaks above 1.0727 previous high resistance, suggesting that the long term up trend is underway. Further rise towards 1.1200 is expected after consolidation. Initial support is at 1.0410, as long as this support holds, up trend...

USDCAD traded in range between 1.0410 and 1.0727. As long as 1.0727 resistance holds, lengthier consolidation would take price back towards 1.0260 – 1.0350 area. Key resistance is at 1.0727, rise above this level could signal resumption...