USD/CAD Analysis - page 59

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Victoria Jensen
1170
Victoria Jensen  
The consolidation will likely last until the American fundamentals tomorrow, before then there likely won't be any major changes.
Shaheen Hassanali
3356
Shaheen Hassanali  


Caddy played ball & tested the lows but was stopped in its tracks around 1.3070. 

The bulls are starting to take charge but there is work to be done. Friday's high is the 1st obstacle before aiming for last week's high.

Ari Goldman
985
Ari Goldman  
Not much has happened lately to the pair. I'm neutral to positive on the pair.
Victoria Jensen
1170
Victoria Jensen  
USD/CAD continues consolidating despite the fundamentals yesterday, next target is likely around 1.3150.
Shaheen Hassanali
3356
Shaheen Hassanali  


The caddy has done well to make new highs for this week but it fell back before hitting last weeks high. Since it bounced back before last weeks low, it remains bullish and last weeks high is still threatened.

Bullish bias with a stop below 1.3075

Victoria Jensen
1170
Victoria Jensen  

The sideways consolidation is getting tighter, next target will likely be around 1.3140.

.

Shaheen Hassanali
3356
Shaheen Hassanali  

End of day 8/nov/18



End of day chart shows how the loonie played out as expected. It remained above the 1.3075 and after the FOMC it went on its bullish way to touch my resistance line sitting at 1.3180

That was a good rally to take out last weeks high and set a new 2 month high.

Shaheen Hassanali
3356
Shaheen Hassanali  

Day start S&R levels for 9/nov/18



The caddy is still bullish but buyers dont seem to have much drive. Volume starting to build up just below 1.3130

Better support is available @ 1.3100 and 1.3050

On the top side the sellers are sitting @ yesterdays high 1.3180 with more volume building up @  1.3200 &  1.3215 

fxstrategist007
123
fxstrategist007  
The Canadian Dollar loses strength as the price of oil drops, due to the negative correlation between those two instruments. On the daily chart of the USDCAD we can see that the US Dollar has been beating the Looney and the pair may reach the 1.3200 level where it may find some resistance. To the downside, the 1.3100 level could act as support in case of a bearish pullback.
Victoria Jensen
1170
Victoria Jensen  
USD/CAD is very bullish and broke out above 1.3200. Next target will likely be around 1.3300.
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