CAD news

Moderators: mrtools, xard777, Jimmy

Re: CAD news

The support at 1.2960 held after all. USD/CAD is currently forming a correction after the big depreciation and may rise to 1.3050.

Re: CAD news

The move north continues for now even though USD/CAD formed a shooting star candlestick on the daily time-frame at 1.3100. The pair is yet to break out above that resistance but it is still quite bullish.

Re: CAD news

My prediction for a move north was premature, I think, the pair formed both a shooting star and a hanged man candlestick below the resistance at 1.3100 and together those candlesticks are a good indication for a reversal.

Re: CAD news

USD/CAD is consolidating sideways, forming several spinning tops on the daily time-frame around 1.3070. That said, the candlesticks' long upper wicks indicate a possible small move to the downside.

Re: CAD news

USD/CAD finally bounced off from 1.3070, I think it will depreciate back to the support at 1.3000.

Re: CAD news

USD/CAD continues consolidating around 1.3030 and since the market will close soon that consolidation may not end this week.

Re: CAD news

USD/CAD continues consolidating sideways, testing the resistance at 1.3070, let's see whether it will rally to 1.3100.

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