USD/CAD relaxes from weekly height as it strained to elongate the 4-day upward trend movement during yesterday’s initial Asian session. USD/CAD undulated near 1.2765 as at the time of report. While doing this the USD/CAD traders got information from the latest smooth West Texas Intermediates Oil value, Canada’s major export item while fighting the Canadian […]
USDCAD Price Analysis – February 16 USDCAD indicates a scheme for a dip in an up-trending market. Following price elevation to various key levels of importance, the market is still determined to trade lower despite the prevailing bullish strength. The market picture shows the buyers’ and sellers’ mechanisms of holding price influence. An upward momentum […]
Price Analysis: USDCAD Buyers Indicate a Bullish Tendency to the 1.27900 Significant Level USDCAD buyers indicate a bullish tendency towards the 1.27900 level of price. The bulls are primarily interested in resuming price movement to previously tested levels. However, the price trend is evolving throughout the bullish order period, and this is due to a […]
The pair strives to elongate the 3-day upward movement near the monthly high, not too long ago taking turns to 1.2775-1.2780 during Monday’s trading hours. As a result USD/CAD buyers were opposed by stronger oil value, likewise the remarks from BOC Governor tested the pair buyers where there is no major promoters and warned mood […]
USDCAD Price Analysis – December 8 USDCAD plans to spill lower as it moves toward another significant level of 1.26100 in a bearish moment. The sellers are capable of nudging the price status to continue in their direction. This came as a consequence of the strength applied by the bears, as they succeed in moving […]
USDCAD Analysis – November 25 USDCAD revives and climbs back above the 1.26500 price level. The market has been making a steady movement upward since it dropped to 1.23000. Price has employed a retest and break strategy to move it clear of multiple key levels. The major opposition to the upside movement of the market […]
USDCAD Price Analysis – November 18 USDCAD keeps waxing stronger after it pushes up from a weekly support level at 1.23000. The fortunes of the market began to take another shape as the daily candles touched down at the 1.23000 price level on the 20th of October. The market then assumed a rounded bottom shape, […]
USDCAD Price Analysis – November 10 USDCAD finds a rallying point at the 1.23000 critical level. The market slipped off an uptrend at the beginning of October, and price has continued to drop since then. As price drops, USDCAD finds weak rallying points at the 1.25790 and 1.24700 significant zones and fell through them. However, […]
The USD/CAD pair is trading in the red at 1.2450 level at the time of writing. The pressure is high as the Dollar Index has extended its drop. Technically, the price stands below strong resistance levels, so further growth is uncertain. The USD depreciated a little in the short term even if the United States […]
