Key Resistance Levels: 1.4200, 1.4400, 1.4600Key Support Levels: 1.3400, 1.3200, 1.3000 USD/CAD Price Long-term Trend: BearishUSD/CAD pair is in a bullish moventum for the past three days. The currency pair has been rising on the upside. Buyers have broken above the moving averages. However, the uptrend is facing resistance at level 1.2600. The implication is […]
Key Resistance Levels: 1.4200, 1.4400, 1.4600Key Support Levels: 1.3400, 1.3200, 1.3000 USD/CAD Price Long-term Trend: BearishUSD/CAD pair is in a downtrend. The pair made a brief uptrend to level 1.2600 on March 30. For the past week, the upward move has been interrupted at the recent high. On the upside, if buyers fail to break […]
Key Resistance Levels: 1.4200, 1.4400, 1.4600Key Support Levels: 1.3400, 1.3200, 1.3000 USD/CAD Price Long-term Trend: BearishUSD/CAD pair is in a downtrend. Presently it is rising in an upward move. The upward move is facing resistance at the 50-day SMA. The downtrend will resume if the pair faces resistance at the 50-day SMA. Since March 29, […]
Key Resistance: 1.2600 Key Support: 1.2480 – 1.2360 The USDCAD rallied 2.30% the last 2 weeks mainly due to some USD strength and Crude weakness. This week buyers kept trying to break the previous week´s highs until Yesterday they where able to just to see sellers smash price down from the 1.2640 This gave us […]
Key Resistance Levels: 1.4200, 1.4400, 1.4600Key Support Levels: 1.3400, 1.3200, 1.3000 USD/CAD Price Long-term Trend: BearishUSD/CAD pair was in a downward move in March. On March 1, the pair was resisted at level 1.2700 and it plunged to level 1.2400. On March 18, the bulls bought the dips and resumed upward to reach the high […]
Key Support: 1.2480 – 1.2380 Key Resistance: 1.2630 The CAD has been very strong against the USD since mid March 2020. The USDCAD in particular has been dropping non-stop since then (-15.80%), breaking with massive key levels in the process. The past 2 weeks the USDCAD has rallied inside a bearish continuation pattern (+2.12%), and […]
Key Resistance Levels: 1.4200, 1.4400, 1.4600Key Support Levels: 1.3400, 1.3200, 1.3000 USD/CAD Price Long-term Trend: BearishUSD/CAD pair is presently making an upward move. The price has broken above the 21-day SMA. If it breaks the 50-day SMA and the bullish momentum is sustained, the uptrend will continue. The selling pressure will resume if price fails […]
The USD/CAD traded higher in the European session on Friday but erased its daily gains and fell below the 1.2500 support at the open of the US market, as the fundamental scene remains erratic. The loonie got hit badly on Thursday following a sharp decline in crude oil prices. With the price of crude oil […]
Key Resistance Levels: 1.4200, 1.4400, 1.4600Key Support Levels: 1.3400, 1.3200, 1.3000 USD/CAD Price Long-term Trend: BearishThe Loonie was previously in a sideways move but the bears have broken the current support. For the past week, the pair has been in a downward move. This week the selling pressure has resumed. According to the Fibonacci tool, […]
