USD/CAD Analysis - page 43

Ari Goldman
995
Ari Goldman  

USD/CAD looks tasty to go long.

mtllc
259
mtllc  
The pair is consolidating below the lower bound of latest range and the short term outlook remains relatively neutral.
Ari Goldman
995
Ari Goldman  
Price moved up a bit, hopefully it will continue to go higher.
mtllc
259
mtllc  
Better than expected data pushed the pair above 61.8% Fibo and the top of the weekly range. Possible next target is 1.2415.
mtllc
259
mtllc  

The US dollar pushed higher against the Canadian dollar today. Currently the pair is testing yesterday’s high and according to indicators on the H4 bulls will try to regain the 1.26 level.

Ari Goldman
995
Ari Goldman  
Nice move to the upside!
Ari Goldman
995
Ari Goldman  
USD/CAD would make a good short at 1.28.
mtllc
259
mtllc  
The pair bounced from the daily low and despite the relatively good upward momentum, I doubt that will reach 1.2630
mtllc
259
mtllc  
The pair is showing good upwards strength and bulls are eyeing 1.27.
fxstrategist007
126
fxstrategist007  
The USDCAD has broken above the 200 day EMA at the 1.2681 level, but it comes back down as the price of oil rallies on the lower than expected oil inventories in the US. The 200 day EMA may act as support, but the pair may break below that level if oil keeps rising.