The USDCAD is above immediate resistance. 1.3225 is a good short entry level if reached.
The USDCAD is still stuck around the 1.3100 level, but it could go back to its bullish trend in the short term. To the upside, the 1.3200 level could act as resistance and to the downside, the 1.3000 level could act as support.
Not much has happened lately to the pair. I’m neutral to positive on the pair.
Good selling point at 1.3260.
The pair is trying to correct, I’m still bearish, tho. I hope it reaches 1.30.
I got squished. I decided to blame the algos!
This forum let the people know about the market positions od the currencies letting the people know the ups and downs of the market of CAD and USD, so it will guide the people in forex and let them know when to invest and when not. Thanks for sharing the market survey of both currencies.
1.3390 seems to me like a good short entry.
It’s getting closer to the resistance level at 1.3390. Possibly, bears will try to bring it down.