USD/CAD Analysis - page 3

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Alexander Londono
802
Alexander Londono  

The USDCAD keeps retracing to the downside, but so far the 1.4000 area has been acting as a support.

Diana Jackson
884
Diana Jackson  

It bounced off 1.3638. I wonder whether this is the end of the correction.

Alexander Londono
802
Alexander Londono  

The 1.4000 level could still act as a resistence for the USDCAD and the 1.3800 could be support.

Ari Goldman
962
Ari Goldman  

Shorted around 1.43

Diana Jackson
884
Diana Jackson  

I'm shorting now at 1.39 and my target is around 1.3790 - 1.3800.

Mawreen Lawson
460
Mawreen Lawson  

I think we'll see a further move to the downside towards 1.3700.

Alexander Londono
802
Alexander Londono  

Good support on the USDCAD at the 1.3700 level. Price is going sideways as shown on the daily chart, but no trend. Only consolidation.

Mawreen Lawson
460
Mawreen Lawson  

For the downward trend to be confirmed the pair has to break below 1.3640.

Ari Goldman
962
Ari Goldman  

I think next target is 1.36

Mawreen Lawson
460
Mawreen Lawson  

I noticed that there's actually a double bottom on the daily time frame and while I do think it should continue falling, we might see some retracement first.

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