USD/CAD Analysis - page 55

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USDCAD breakout after rising started from current Support @ 1.2782, 1.281x.
Likely I have to give attention to next Resistance @ 1.291x, 1.295x, 1.297x
 

The USDCAD pulls back from the 1.2800 zone to the 1.2884 leve, which acted as support in the past and now it may act as resistance. Above the 1.2884 level, its next resistance could be the 200 day EMA around the 1.2958 level.

 
The candlestick proved to be a false signal and the pair is still moving to the upside, it may even break out above the resistance at 1.2930.
 
The bullish pullback on the USDCAD may take the pair to the 200 day EMA around the 1.2958 level. To the downside, the 1.2800 level could act again as support.
 
The USD regained the dominant position this week. Strange how the Canadian dollar is still rallying against other currencies. Tough market lately.
 
The fundamentals pushed USD/CAD to the upside today but it still could not break out above 1.3000, that breakout likely won't happen before next week.
 
The pair bounced off from 1.3000 and it is currently retracing, next target is likely at 1.2950.
 
The pair has broken out below 1.2950 and the move to the downside will likely continue for now, the question is whether it will break out below 1.2900 too.
 
Immediate res is seen at 1.30, above it I think bulls will aim for 1.3130.
 
USD/CAD bounced off from 1.2925 and it will likely once again test the resistance at 1.3000, a breakout above that level could lead to a rally towards 1.3080, which is the last high.
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