USDCAD

USD/CAD broke above 1.3400 and I have little doubt that next week it will continue moving to the upside, apart from the occasional correction.

Good move last week, i'm kinda sad i missed buying!

The USDCAD drops below the 1.3400 level, looks like a shooting star formation with a possible change in direction.

USD/CAD still appears bullish but there is also a RSI divergence on the H1 time frame. However, it could continue moving to the upside for the moment and the divergence could deepen.

indeed. already reached the 127% monthly fib expansion.. expecting a correction sooner than later.. and with NFP friday.. anything can happen..

1.3457 is a very strong resistance. the one that was broken in early 2016 and lead to 1.47...

USD/CAD is very range-bound for the moment. In a few hours there will be fresh economic data coming out of Canada that I think will end the range, until then I won't be opening new positions.

the 'true' econimic data will come soon, as NFP reveals itself once again on friday.. ;)

Hello,
USD/CAD is pressing the upper frontier of the range. Looks ready for take-off :)

The USD/CAD range finally ended and the pair started climbing. I think the closest target is 1.3500 but it will eventually reach 1.3600.

indeed, the trend isn't ending soon.. NFP friday and rate decision next week, we should see a correction sooner or later but the greenback is strong !! gold and oil falling.. will it end around 1.3550 ish ??

tbc..

A follow through buying interest above the 1.3500 handle has the potential to lift the pair towards 1.3560-65 resistance area, above which the pair seems all set to aim towards testing Dec. 2016 highs resistance near 1.3600 round figure mark. On the flip side, 1.3460 level now seems to protect immediate downside, which if broken is likely to accelerate the corrective slide towards 1.3415-10 area ahead of a major support near 1.3375-70 region.

Hello,
USD/CAD - It looks the zone 1.3550/60 would be tested soon. :)

USD/CAD reached a high at 1.3529 today and I think it will continue moving to the upside. The NFP tomorrow may be the catalyst for that.

Good move to the upside this week. I'm waiting to sell around 1.3650.

I opened a long position after the initial drop after the NFP data came out. My target was at 1.3460, I don't think I will open other positions before the market closes this week.

Scotiabank is forecasting USD/CAD to be at 1.400 by the end of Q4.

A follow through weakness below 1.3420 level (Friday low) is likely to accelerate the corrective slide further towards 1.3375-70 support before the pair eventually drops to 1.3320-15 support area. On the upside, momentum above session peak resistance near 1.3475 level now seems to assist the pair back towards the 1.35 psychological mark resistance ahead of Thursday’s multi-month tops resistance near 1.3535 level.

I have a short position with target 1.3420. I recommend caution this week with all the news coming out, especially the Federal Funds Rate on the 15th.

Usd/Cad is up 0.01% at 1.3447 and a break above 1.3536 (2017 high Mar.9) would aim for 1.3601 (high Dec.28 2016) and finally 1.3861 (high Feb.24 2016). On the flip side, the immediate support lines up at 1.3419 (low Mar.10) followed 1.3395 (low Mar.8) and then 1.3369 (low Mar.6).