USD/CAD Analysis - page 31
The USD/CAD rally continued today. That the pair will reach 1.3580 is
almost inevitable, I think, but the long-term target could be much
higher - 1.3800 - 1.3900.
Good move week. I expect the pair to depreciate with about 80-120 pips.
The pair stays well within the range, 1.3500 could be significant resistance level and follow by 1.36.
USD/CAD broke out above 1.3580 and it is still rallying.
I think that it will eventually reach the next long-term target to the
upside at 1.3800 or even 1.3900.
There's a pullback from 1.3626 and I think it could continue back to 1.3550, but so far there is no signal for a reversal.
USD/CAD reached 1.3696 today, and although there's a pullback from that
level for the moment I don't think this is the end of the rally.
The pair is having a decent rally to the upside as bulls are pushing the price with each day. Good res 1.3720.
USD/CAD reaches higher this week despite the depreciation of the US dollar. Uptrend seem intact!
After a pullback from 1.3791 on Friday USD/CAD is rallying again today. I think it will attempt another test of the high at 1.3791 soon.
There is a shooting star bar on the weekly time frame,
but the pair is range-bound above 1.3645. I think the move to the upside
may not be over yet.
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