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Member Since Jun 21, 2016  898 posts bestools (besttools) Apr 21 at 09:43
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).


Member Since Feb 12, 2016  429 posts Baldo (BaldoN) Apr 21 at 09:56
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.


Member Since Dec 09, 2015  577 posts dianajs Apr 21 at 15:44
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.


Member Since Oct 02, 2014  654 posts Ari Goldman (arigoldman) Apr 23 at 12:36
Good move week. I expect the pair to depreciate with about 80-120 pips.


Member Since Apr 09, 2014  834 posts csc2009 Apr 23 at 23:22
The pair stays well within the range, 1.3500 could act as significant resistance level and follow by 1.36.


Member Since Apr 24, 2017  8 posts manolo82 (manolo82) Apr 24 at 12:22
Strong level 1.3500 and now good sell with levels 1.3350-1.3380


Member Since Sep 16, 2016  17 posts Jordan Salvatore D'Armi (Jordan01) Apr 25 at 10:24
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


Member Since Mar 23, 2017  36 posts ChangGoh Apr 25 at 10:27
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:


Member Since Dec 09, 2015  577 posts dianajs Apr 25 at 17:01
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.


Member Since Dec 09, 2015  577 posts dianajs Apr 26 at 09:45
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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Capacity Utilization (9 min)
NewsWatch: Investors left this tech stoc...(5 min ago)
EURUSD 1.17917 GBPUSD 1.33346
USDJPY 112.243 USDCAD 1.27907







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