USD/CAD Analysis - page 33

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USD/CAD rebounded from 1.3435 and I think it will rally toward 1.3540, or even toward 1.3560. I don't think there would be much larger development before the NFP.
USD/CAD slightly lower at 1.35, relatively unchanged after the disappointing US data release.
USD/CAD is very range-bound at the moment. I think another rally toward 1.3540 is possible in the short-term.
Staying out of this pair at the moment. No clear direction.
Ari Goldman:
Staying out of this pair at the moment. No clear direction.
It's still range-bound but it has fallen to the support at 1.3450. I think that a new rally to 1.3500 - 1.3540 is possible.
The pair has finally broken out below the range and it's essentially in freefall. I think its closest target is at 1.3200 but this is only the beginning of the drop.

touching a resistance, can expect some rebound first.

USD/CAD broke out below 1.3200 practically effortlessly. I think that the drop might continue all the way to 1.3100 or even 1.3000.
USD/CAD continues its bearish trend. Expecting more to the downside today.
Ari Goldman:
USD/CAD continues its bearish trend. Expecting more to the downside today.
The pair rebounded from 1.3160 and it may retrace back to 1.3270 - 1.3280, but I too think that the trend remains bearish and this is not the end of the drop.
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