USDCAD

For more than half month we see a solid bullish sentiment on USDCAD going up by about 300 pips. 1.3424 is the initial support I am watching for. If it breaks it, this could be a sign for trend correction.

There's little over an hour left to the US Federal Funds Rate announcement. As expected, USD/CAD is very range-bound.

it is on its way down my friend...

USD/CAD is up 0.01% at 1.3306 and a break above 1.3325 (bottom of the 10-month up channel) would expose 1.3359 (61.8% Fibo of 1.3601-1.2967) and finally 1.3487 (high Mar.15). On the downside, the immediate support lines up at 1.3276 (low Mar.16) seconded by 1.3220 (55-day sma) and then 1.3178 (200-day sma).

It's been consolidating above 1.3280 since it dropped due to the news about the rate hike yesterday. I opened a long position.

Don't think much have changed, Canada have no plans changing policy, data remains generally weak. And oil is on a loosing path.

USD/CAD is currently trading at 1.3335, lower from 1.35 before the announcement that the Fed is raising the interest rate. Consolidation around current price is expected to continue today.

Bulls would be eyeing for a decisive move through mid-1.3300s, above which the pair is likely to accelerate the recovery move towards 1.3375-80 horizontal resistance before surpassing the 1.3400 handle to test 1.3425-30 resistance area. On the downside, a convincing break below 100-day SMA near the 1.3300 handle would turn the pair vulnerable to break below two-week lows support near 1.3275 level and head towards testing 1.3230 horizontal support.

USD/CAD moved to the upside to 1.3377 but the pair of bearish shooting star bars on the M30 time frame are making me think that it will start dropping again.

On the upside, 1.3370-75 area remains immediate resistance, which if cleared is likely to lift the pair towards reclaiming the 1.3400 handle, en-route 1.3425-30 horizontal resistance. On the downside, sustained weakness back below 1.3315-10 immediate support now seems to drag the pair back below 100-day SMA support near 1.3295 region towards retesting 1.3275 support area ahead of mid-1.3200s.

Hello,
USD/CAD - is offering some short term buying opportunities @ 1.3332 , with stop 1.3324 and targets 1.3355/60.

The pair is steadily bearish and I think it will reach the last low at 1.3275. Then there will be either a double bottom and a new move to the upside or it will continue falling.

I shorted again at 1.3375, I think the pair will reach 1.3300 later today.

USD/CAD has formed a pair of bullish spinning top bars and an inverted hammer bar at 1.3315 on the H4 time frame, I think that may be the end of the current move to the downside but the breakout below the flag that has been developing for months now on the large time frames suggests a long-term drop.

USD/CAD climbed back to 1.3380 and has formed a spinning top bar at that level, so I think we'll see a new move to the downside as part of the developing consolidation.

USD/CAD - it seems choppy market (1H and 4H chart) limited by 1.3263 bottom and 1.3412 top. Breaking either of them will bring some more clearance for the further movement.

Price looks strongly consolidated between 1.3280 and 1.3350. Waiting for a breakout, i'm expecting a move to the upside next week.

Usd/Cad is up 0.14% at 1.3370 and a break above 1.3387 (high Mar.22) would expose 1.3496 (high Mar.14) and finally 1.3536 (2017 high Mar.9). On the downside, the next support lines up at 1.3316 (low Mar.23) followed by 1.3297 (100-day sma) and finally 1.3262 (low Mar.21).

arigoldman posted:
Price looks strongly consolidated between 1.3280 and 1.3350. Waiting for a breakout, i'm expecting a move to the upside next week.

Agree, Usd/Cad started the week with a gap down, but strong support 1.3275/70 zone is still holding. A break-out confirmation needed.