Tag: USDCAD

USDCAD Technical Analysis | Highest Levels Since 2004, Favoring Upside | 24.09.2015

USDCAD Technical Analysis | Highest Levels Since 2004, Favoring Upside | 24.09.2015

Talking Points : USDCAD Technical Analysis : 1.3310/50 Resistance Has Broken Confirming Bias Higher MACD turning bullish showing extension to 1.3400 is likely Monday’s higher close helps to confirm our bullish view and now acts as support The Canadian Dollar broke out of its falling corrective channel rather aggressively taking it to the highest levels […]

USDCAD Technical Analysis | Failing to Hold Above 1.31 Mark | 19.08.2015

USDCAD Technical Analysis | Failing to Hold Above 1.31 Mark | 19.08.2015

Talking Points : USDCAD Technical Analysis : Flat Support: 1.2956, 1.2798, 1.2670 Resistance: 1.3109, 1.3207, 1.3366 The US Dollar is treading water near the 1.30 figure having corrected downward against its Canadian counterpart. Near-term support is at 1.2956, the 23.6% Fibonacci retracement, with a break below that on a daily closing basis exposing the 38.2% […]

USDCAD | Profit Booked on Long Trade | 11.08.2015

USDCAD Technical Analysis

Talking Points : USDCAD Technical Analysis : Flat Support: 1.2956, 1.2798, 1.2670 Resistance: 1.3087, 1.3212, 1.3321 The US Dollar turned sharply lower against its Canadian namesake, breaking below a rising trend line guiding prices higher since mid-June. Near-term support is at 1.2956, the 23.6% Fibonacci retracement, with a break below that on a daily closing […]

USDCAD | Turns Down from Uptrend Resistance | 07.08.2015

USDCAD Technical Analysis

-“USDCAD has broken through resistance, indicating potential for the long term bull move to reassert.” -“The cited support was never reached but the bull trend has reasserted. Watch the March high for support at 1.2834.” -“This level (1.2834) was never reached either as USDCAD made low on 7/29 at 1.2860. Allowing for consolidation between here […]



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