Usd/cad

This is a discussion on Usd/cad within the Forex forums, part of the Markets category; Usd/Cad consolidating higher near 1.25 level, break above resistance level around 1.2530/40, uptrend would continue towards 1.2650....

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Old Oct 2, 2017, 7:51am   #481
Joined Apr 2014
Usd/Cad consolidating higher near 1.25 level, break above resistance level around 1.2530/40, uptrend would continue towards 1.2650.
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Old Oct 5, 2017, 2:52pm   #482
Joined Dec 2015
I think the pair has finally broken out above 1.2530. If that is indeed the case the correction to the upside could last to 1.2740.
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Old Oct 6, 2017, 10:21am   #483
Joined Dec 2015
It did break out above 1.2530 and I almost opened a long position before I remembered that the NFP announcement was today and I thought better of it. I'd rather see what effect the NFP will have first before I open any positions.
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Old Oct 9, 2017, 2:56am   #484
Joined Apr 2014
Usd/Cad seems in a correction mood, support can be found around 1.2440/50 handle and on the upside resistance is around 1.26 zone.
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Old Oct 10, 2017, 11:10am   #485
Joined Dec 2015
1.2595 proved to be a too strong resistance for the correction. I think USD/CAD is falling back to the support at 1.2470 and I have already shorted.
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Old Oct 11, 2017, 2:38pm   #486
Joined Dec 2015
I think the pair is stil very bearish, but since the FOMC meeting minutes will be announced today that could change drastically. I closed my short and I'll wait for the news.
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Old Oct 13, 2017, 1:16pm   #487
Joined Dec 2015
USD/CAD rebounded from 1.2430. I already have a long position, I think it will rally to 1.2530 or even to 1.2600.
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Old Oct 13, 2017, 10:18pm   #488
Joined Oct 2014
Nothing major happened to the pair this last week.
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