USDCAD

Neutral at the moment. Too hard to pick a direction.

my opinion on the matter is to stick to the 'mother candle' of wednesday.. 1.2391 is the 61.8% fibo retracement.. and could be a very good entry point.. we had a decent retracement yesterday.. and the movement is rather bullish.. a break above 1.2445 will confirm the continuation of the bullish move .. more retracement could lead to 1.2335

good luck to all

USD/CAD is within the resistance zone between 1.2470 and 1.2430. I think it is possible to see a reversal and a new drop in the next few hours to a few days.

Usd/Cad consolidating higher near 1.25 level, break above resistance level around 1.2530/40, uptrend would continue towards 1.2650.

I think the pair has finally broken out above 1.2530. If that is indeed the case the correction to the upside could last to 1.2740.

It did break out above 1.2530 and I almost opened a long position before I remembered that the NFP announcement was today and I thought better of it. I'd rather see what effect the NFP will have first before I open any positions.

Buy USDCAD TP 1.2710

Usd/Cad seems in a correction mood, support can be found around 1.2440/50 handle and on the upside resistance is around 1.26 zone.

1.2595 proved to be a too strong resistance for the correction. I think USD/CAD is falling back to the support at 1.2470 and I have already shorted.

I think the pair is stil very bearish, but since the FOMC meeting minutes will be announced today that could change drastically. I closed my short and I'll wait for the news.

very wise decision indeed dianajs... FOMC minutes will amplify.. or correct.. CAD following gold and oil.. gold appears to be at a resistance as well.. it all comes together..

good luck to all

USD/CAD rebounded from 1.2430. I already have a long position, I think it will rally to 1.2530 or even to 1.2600.

Nothing major happened to the pair this last week.

USD/CAD has rallied above 1.2530 as I thought it would, so I wouldn't be surprised if it reaches 1.2600 after all. Next target above 1.2600 could be around 1.2650.

USD/CAD has a double top at 1.2597 and 1.2590, I think there will be a pullback from that zone and a drop to 1.2400.

Good move to the downside, somehow not strong enough though.

given the strong fundamental news tomorrow, the market seems to be heading north to a more 'neutral' area.. should go around the 1.2505-1.2517 zone before anything... if 1.2533 holds, there is a good chance to see a further move down towards 1.2430

good luck to all

arigoldman posted:
Good move to the downside, somehow not strong enough though.

 I thought it would fall to 1.2400, but apparently that wasn't the case as it rebounded from 1.2450 and it may now finally rally above 1.2600.

dianajs posted:

arigoldman posted:
Good move to the downside, somehow not strong enough though.

 I thought it would fall to 1.2400, but apparently that wasn't the case as it rebounded from 1.2450 and it may now finally rally above 1.2600.

Focus on the BoC this week, the pair is likely to extend the rally if the BoC will show any sign of dovish tone.