The pair broke below 1.3240 and then below 1.3200 after rebounding from the latter level briefly. I think it's falling toward 1.3040 - 1.3020 again.
USD/CAD is testing the support at 1.3100 and I think that it will break below it soon. I have a short position for the moment.
Might go down to test 1.30 / 1.3020 again. But Oil is down today.
USD/CAD - around 1.3020/50 I believe some buying support may appears
The pair rebounded from 1.3050 and is retracing to the upside. I think next target is at 1.3190.
Jan 28 2017 at 13:18
The pair has been very difficult to trade lately.
Positivity
I shorted after the pair couldn't break above 1.3170. I think next target is 1.3050 again.
The pair rebounded from 1.2968 once it reached that level. For now it's retracing back toward 1.3065.
Feb 02 2017 at 02:09
The USDCAD has found a good support around the 1.3000 level, but it may try to break it to the downside to go and visit the 1.2900 level. To the upside, the 1.3100 level may act as resistance.
USD/CAD continues being very bearish. I think that if it breaks out below 1.2968 next target will be at 1.2900.
Feb 05 2017 at 09:17
Tough to get on the waves of the pair lately.
Positivity
USD/CAD - It looks the bears are here and soon we might moves down for test at 1.2960/70.
USD/CAD rebounded from 1.3000 after forming a pair of doji bars on the daily time frame above that supprt. I think the closest target is at 1.3170.
USD/CAD - 1.3210 has been tested. Perhaps some covering of t/p may led to slight pullback, but I expect the price to moves 1.3280/90 perhaps tomorrow.
Feb 07 2017 at 12:13
Usdcad is a very good trade now.
The pair reached 1.3170 and even briefly broke above it. I think the move to the upside will continue and next target is at 1.3240.
USD/CAD - Looks the pair is forming a kind of pennant or flag and break over may confirm another strong USD rising - perhaps towards 1.3280/90.
USD/CAD couldn't quite reach 1.3240 before it began a short-term correction. I think once that ends the move to the upside will continue.
The last weekly bar is an inverted hammer and it's right above the support at 1.3000. I think this might be the end of the move to the downside.
