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USDCAD
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alexforex007

Member Since Oct 11, 2013  637 posts alexforex007 Apr 27 2016 at 23:40
Good drop on the USDCAD, the bearish trend is still in place, next support could be the 1.2500 level.

dianajs

Member Since Dec 09, 2015  601 posts dianajs Apr 29 2016 at 12:58
USD/CAD will continue dropping, I think. The trend is clearly very bearish still and there is no signal even for the beginning of consolidation, let alone a reversal. The pair is currently testing 1.2500 and I have almost no doubt that it will break below that level.

arigoldman

Member Since Oct 02, 2014  678 posts Ari Goldman (arigoldman) Apr 30 2016 at 15:06
Expecting a move up.

Positivity
alexforex007

Member Since Oct 11, 2013  637 posts alexforex007 May 02 2016 at 04:59
Seems like every round number on the daily chart of the USDCAD acts like a temporary resting area for the pair. No it is consolidating around the 1.2500 level.

dianajs

Member Since Dec 09, 2015  601 posts dianajs May 02 2016 at 12:58
I think the pair will break below 1.2500 soon and continue falling on its way down to 1.2400. Long-term target is at 1.2000, in my opinion.

dianajs

Member Since Dec 09, 2015  601 posts dianajs May 11 2016 at 11:36
The pair reached the resistance at 1.3015 and formed a doji candlestick and a shooting star candlestick below the resistance at that level on the daily time frame, which were good signals that it would start falling again. Currently it's testing the support at 1.2870 and I think if it breaks below that level it will continue falling towards 1.2800.

alexforex007

Member Since Oct 11, 2013  637 posts alexforex007 May 16 2016 at 04:10
The USDCAD consolidates below the 1.3000 level, a break below the 1.2900 level may take the pair to the 1.2800.

mlawson71

Member Since Dec 11, 2015  1331 posts mlawson71 May 17 2016 at 08:32
I think it might even fall to 1.2760.

paidsignals

Member Since Mar 28, 2016  71 posts paidsignals May 17 2016 at 13:01
Looking at the daily chart, keep the 1.2831-60 level in focus. The level was a swing high in March and a swing lows in July and October. Admittedly, the pair has been trading above and below the level in trading in April and also May. Last week the price fell below the area on the break to the low for the week. But on Friday, the low was 1.2834 - just above the lower extreme at 1.2831 and Wednesday, the low just squeaked below the level at 1.2829. So there is some signs of support. Keep the level in mind should there be some further downside this week. If tested - and holds - that would be more bullish for the pair.

arigoldman

Member Since Oct 02, 2014  678 posts Ari Goldman (arigoldman) May 17 2016 at 14:22
I'm long i think the bears are done for now.

Positivity
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Producer Price Index Growth (YoY) (17h 58min)
If Vikings win, historic home-field Supe...(4h 35min ago)
EURUSD 1.22205 GBPUSD 1.38574
USDJPY 110.819 USDCAD 1.24986
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