Tag: USDCAD

USDCAD formed a cycle top at 1.0727 on daily chart. Pullback to 1.0260 – 1.0350 area to reach next cycle bottom is expected. Key resistance is at 1.0727, rise above this level could signal resumption of up...

USDCAD broke below 1.0543 key support, suggest that a cycle top has been formed at 1.0727 level on daily chart. Pullback to retest 0.9974 level is expected. Initial resistance is at 1.0727, only rise above this level...

USDCAD is in consolidation to up trend. Key support is now located at 1.0543 level. As long as this support holds, we’d expect up trend to resume, and one more rise towards 1.1000 is still possible after...

USDCAD is in up trend and the fall from 1.0727 is treated as consolidation to up trend. Further pullback to 1.0500 is still possible next week. However, as long as 1.0500 level holds, we’d expect up trend...

USDCAD’s up trend remains and the rise from 0.9974 extended to 1.0727 level. Further rise towards 1.1000 is still possible next week. Initial support is now located at 1.0550, as long as this level holds, we’d expect...

USDCAD’s up trend remains and the rise from 0.9974 extended to 1.0696 level. Further rise towards 1.1000 is still possible next week. Initial support is located at 1.0500, as long as this level holds, we’d expect up...

USDCAD broke above 1.0378 (Jan 22 high) long term resistance and reached to 1.0451 level. Further rise towards 1.0750 level is still possible in next several days. Initial support is at 1.0320 and followed by 1.0200 level....

USDCAD’s up trend from 0.9974 extends further to as high as 1.0296 level. Further rise towards the long term key resistance at 1.0378 (Jan 22 high) is still in favor. Initial support is at 1.0150 only fall...

USDCAD breaks above 1.0238 resistance. Further rise towards the long term key resistance at 1.0378 (Jan 22 high) is now in favor. Initial support is at 1.0150 and key support is at 0.9974, only fall below 0.9974...

As expected, USDCAD formed a cycle bottom at 0.9974 on daily chart. Further rise could be seen to test 1.0238 resistance, a break of this level will signal further rise towards the long term key resistance at...