Re: CAD news

mlawson71 wrote:
Thu Oct 10, 2019 2:38 am
USD/CAD remains undecided. Let's see whether the sideways consolidation will last until the end of the week.
... it seems most of the analyst is seeing USD/CAD bulls.... maybe a time to be a contrarian for this pair ; )─

Re: CAD news

USD/CAD found some support at 1.3050 but remains bearish for now. Whether it will break out below the aforementioned level before the market close tomorrow remains to be seen though.

Re: CAD news

The market was very bearish last week and there was no indication for a reversal so I expect that to continue tomorrow.

Re: CAD news

It found some support at 1.3040, I think we may see a bit of a correction before it continues moving down.

Re: CAD news

USD/CAD rallied sharply today, by the looks of it the pair may breakout above 1.3180 and even 1.3200.

Re: CAD news

USD/CAD is consolidating after the rally yesterday, so far there is no indication of a further development.

Re: CAD news

Sideways consolidation continues and since the market will close soon it likely won't end before next week.

Re: CAD news

USD/CAD was quite bearish when the market closed on Friday, if that continues next week we may see it drop to 1.3100.

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