Currently out of the trend channel, staying away from this pair for now.
Correction movement continues, CAD remain under pressure. Support level can be found around 1.3160.
I think that the current drop is just the beginning of the move to the downside and its closest target is around 1.3030 - 1.3000.
USD/CAD broke the support at 1.31. Next level would be 1.2915.
I was expecting that the 1.30 level would hold. More potential to the downside imo.
Expecting the move to the downside to end soon. The US dollar appears to be gaining momentum.
The pair broke support and is now in bearish territory with renewed bearish momentum.
The USDCAD reaches the 200 week EMA zone around the 1.2500 level. That level has acted as a support in the past; therefore, we could see a bullish bounce from that area, but a breakdown will accelerate the bearish momentum.
USD/CAD posted a fake breakout to the downside and is now back in the long term trading channel. Really tough week.
I think it’s time for the move up in the pair. Too long it’s been going down.
USD/CAD is very bullish these past few days as price advanced with more than 3 cents!
USD/CAD rose significantly after the enormous decline this year. Expecting the upside to continue.
USD/CAD is at a support at 1.2545. I think that the bullish inverted hammer bar it has formed on the D1 time frame is a good signal for a rebound from that level.
The USDCAD is trying to go back to the 1.2500 level, but that zone may act as a support. The pair may try to consolidate around the 1.2500 zone since the stochastics indicator is in oversold territory on the daily chart.
Good gains the previous week, lost of them this week. I have the feeling it’s not the end of the depreciation.
USD/CAD is very bearish. I think the move to the downside will continue and the closest target is around 1.2415 - 1.2400.
What the pair gained in the beginning of the week it gave away in the end. But good to buy in again i think.
USD/CAD had a strong selling interest due to BoC raise its interest rates from 0.75% to 1% this month. The pair dropped to 26-month low at 1.21245.
The pair broke out below 1.2200 and kept depreciating. The trend is so bearish that I wouldn’t be surprised if it reaches 1.2000 without much of a correction on the way down.
A new bottom in sight. Expecting more downside.
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