USDCAD

USDCAD moving in a downward channel as soon as this temporary move up starts to fail I will be taking a short position

The USDCAD finds a good resistance around the 1.3000 level, where we can find the 55 day EMA. In case of going back to the downside, the 1.2800 level could act as support. To the upside, the 1.3081 level could act as resistance.

Immediate res is seen at 1.30, above it I think bulls will aim for 1.3130.

It's looking bullish. If next week we see 1.3120 I'm considering going short on the pair.

Seems to have consolidated around the 1.30 area. I don't think there will be anything major happening to this pair soon.

Very difficult to read this pair at the moment. I am moving from trending strategies to range trading strategies.

The USD/CAD pair went to a high of 1.3116 on negative CAD data. Very close to my short entry at 1.3130. Let's see if it will get there.

USDCAD broke the resistance at 1.3120. I think bulls will try to bring the pair up to 1.3230 and form a double top there.

agreed Ari, but i'd be surprised to see it this week, today (friday), I believe this week will probably end with a high oscillating around 1.3175..

happy trading to all 😎

Canada GDP soon to be released. Nice opportunity to make some pips.

https://groundfinance.com/canada-gdp-release-preview/

The USDCAD is above immediate resistance. 1.3225 is a good short entry level if reached.

I'm Long USDCAD, thought about closing but based on my analysis there should be worse figures than expected so I am staying Long USDCAD

Not much has happened lately to the pair. I'm neutral to positive on the pair.

Good selling point at 1.3260.

The USDCAD forms what it appears to be a pennant formation on the daily chart. From the current level at the 1.3234, the pair may head in any direction, but the bullish trend in the short term is still in place. To the upside, its next resistance could be the 1.3289 level. It nearest support is at the 1.3200 level, followed by the 1.3100 level.

The pair is trying to correct, I'm still bearish, tho. I hope it reaches 1.30.

I got squished. I decided to blame the algos!

1.3390 seems to me like a good short entry.

totally agree with you Ari, hopefully price will be reached during a highly volatile market..

happy trading !