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Baldo (BaldoN)
Apr 10 2017 at 12:09
522 posts
USD/CAD - Canadian dollar is pushing again. I expect in short term test around 1.3350.
dianajs
Apr 10 2017 at 15:56
823 posts
The pair is back to testing the support at 1.3345, I think it will break out below that level and continue falling to 1.3300 at least.
bestools
besttools
Apr 10 2017 at 19:28
898 posts
USD/CAD is up 0.08% at 1.3420 and a break above 1.3452 (high Apr.6) would aim for 1.3457 (high Apr.4) and then 1.3496 (high Mar.14). On the flip side, the immediate support aligns at 1.3340 (low Apr.7) followed by 1.3319 (38.2% Fibo of the 2017 upside) and finally 1.3290 (100-day sma).
Baldo (BaldoN)
Apr 11 2017 at 12:17
522 posts
USD/CAD - is in choppy limited by 1.33135 (bottom) and 1.33330 (upper) frontier. As it is not more 18 pips and difficult to trade inside, would be best to wait for breakout in either frontier. :)
dianajs
Apr 13 2017 at 12:11
823 posts
USD/CAD finally broke out below 1.3300. I think next target is at least 1.3100 or even 1.3000.
bestools
besttools
Apr 14 2017 at 08:15
898 posts

Immediate support is pegged near the 1.3300 handle, below which the pair is likely to drift back to 1.3285 confluence support area (comprising of 50-day and 100-day SMAs). A follow through selling pressure back below this important support might continue dragging the pair towards 1.3245-40 horizontal support ahead to the 1.3220 important support (200-day SMA).
Ari Goldman (arigoldman)
Apr 14 2017 at 08:38
909 posts
USD/CAD found support at 1.3224 and is now trading a bit higher at 1.3317. We might see the pair consolidate ahead of today's US data.
Baldo (BaldoN)
Apr 20 2017 at 10:57
522 posts
USD/CAD - The bias is bullish here. I believe the price will rise with target around 1.3530/35.
bestools
besttools
Apr 20 2017 at 13:47
898 posts
USDCAD is gaining 0.01% at 1.3485 facing the immediate resistance at 1.3496 (high Mar.14) seconded by 1.3536 (2017 high Mar.9) and then 1.3601 (high Dec.28 2016). On the other hand, a breakdown of 1.3462 (low Apr.20) would open the door to 1.3369 (20-day sma) and finally 1.3294 (55-day sma).
dianajs
Apr 20 2017 at 17:05
823 posts
USD/CAD is still rallying and so far there is no indication it will reverse. I think it will climb to 1.3540 - 1.3580 next.
bestools
besttools
Apr 21 2017 at 09:43
898 posts
USDCAD is losing 0.03% at 1.3466 and a breakdown of 1.3454 (low Apr.20) would open the door to 1.3402 (23.6% Fibo of the January-March up move) and finally 1.3373 (20-day sma). On the upside, the next hurdle is placed at 1.3501 (high Apr.20) seconded by 1.3536 (2017 high Mar.9) and then 1.3601 (high Dec.28 2016).
Baldo (BaldoN)
Apr 21 2017 at 09:56
522 posts
USD/CAD - is just above the 1.3450 support. Most likely the price will rebound and slightly to move for test on the around 1.3500.
dianajs
Apr 21 2017 at 15:44
823 posts
The USD/CAD rally continued today. That the pair will reach 1.3580 is almost inevitable, I think, but the long-term target could be much higher - 1.3800 - 1.3900.
Ari Goldman (arigoldman)
Apr 23 2017 at 12:36
909 posts
Good move week. I expect the pair to depreciate with about 80-120 pips.
csc2009
Apr 23 2017 at 23:22
834 posts
The pair stays well within the range, 1.3500 could act as significant resistance level and follow by 1.36.
manolo82 (manolo82)
Apr 24 2017 at 12:22
8 posts
Strong level 1.3500 and now good sell with levels 1.3350-1.3380
Jordan Salvatore D'Armi (Jordan01)
Apr 25 2017 at 10:24
17 posts
Right now I agree that it is possible to open a short position. It seems that the impulse of growth is coming to the end. It would be logical if the rates reached 1.3600, but it seems to me that this is unlikely. I expect a decline to the level of 1.3400
ChangGoh
Apr 25 2017 at 10:27
36 posts
The US dollar paused its bullish run against its Canadian counterpart over the last hours, sending USD/CAD in a phase of upside consolidations near four-month highs reached at 1.3560.

The spot rallied hard in Asia, after the bulls found renewed bids near 1.35 heads in the overnight trades. The Canadian dollar witnessed aggressive selling amid reports that the Trump administration plans to impose 20% tariff on soft lumber imports from Canada.

USD/CAD Technical levels
Analysts at Brown Brothers Harriman offered their technical outlook, “The technical indicators point to additional US dollar strength, with CAD1.36 being the next obvious target. In addition to corresponding to the highs from Q4 16, it is also the 50% retracement objective of the US dollar slide from the January 16 high near CAD1.4700. The greenback's sharp advance is forcing the Bollinger Band to widen. The upper band is found near CAD1.3500.”

Trend Index:
Bearish
dianajs
Apr 25 2017 at 17:01
823 posts
USD/CAD broke out above 1.3580 and it is still rallying. I think that it will eventually reach the next long-term target to the upside at 1.3800 or even 1.3900.
dianajs
Apr 26 2017 at 09:45
823 posts
There's a pullback from 1.3626 and I think it could continue back to 1.3550, but so far there is no signal for a reversal.
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