USD/CAD Analysis - page 54

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Sideways consolidation below 1.3000 continues, whether there will be a breakout depends on the US fundamentals coming out in about half an hour.
 
The pair broke out above 1.3000 and reached 1.3080 before bouncing off from that level. Currently it is testing 1.3025 and if it breaks out below that support it could fall back towards 1.3000.
 
The USDCAD bounces to the upside from the 1.2884 level and manages to break above its 200 day EMA at the 1.2964 level to reach the 55 day EMA at the 1.3036 level. The bullish pull back on the USDCAD has been impressive, but it may try to fall back to the 200 day EMA at the 1.2964 level. If it continues rallying, the 1.3200 level may act as resistance.
 
USDCAD started the week on a positive note, yesterday things went South, let's see what the latest CAD data will bring in less than an hour.
 
USD/CAD found some support at 1.2910, next week the move to the downside may continue if there's a breakout below that support.
 
USD/CAD drops auxiliary as regards the assist of GDP data and slapdash oil rally. USD/CAD approaching key strong support near 1.2880. CAD among top performers on the back of data and oil’s rally.
 
The pair continues falling - it broke out below 1.2900 and it is currently testing the support at 1.2800. Next target is likely at 1.2730.
 
The USDCAD drops to the 1.2800 amid strength in the Canadian Dollar after the trade agreement was reached with the US. If the pair continues dropping below the 1.2800 level, it next support could be the 1.2784, but if it bounces to the upside, the 1.2884 level which was support in the past, could change to resistance.
 
It is still consolidating around 1.2800 and so far there is no signal for a breakout. That would likely depend on the fundamentals this week.
 
USD/CAD bounced off from 1.2845 and it has formed a hanging man candlestick on the four-hour time-frame at that level, it will likely fall back towards 1.2780.
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