Usd/cad

This is a discussion on Usd/cad within the Forex forums, part of the Markets category; Originally Posted by arigoldman The pair depreciated a bit, hopefully it will recover. In my opinion it may even continue ...

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Old Nov 9, 2017, 2:24pm   #505
Joined Dec 2015
Quote:
Originally Posted by arigoldman View Post
The pair depreciated a bit, hopefully it will recover.
In my opinion it may even continue depreciating, especially if it breaks out below 1.2700. Next target could be around 1.2650 - 1.2630.
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Old Nov 10, 2017, 2:07pm   #506
Joined Dec 2015
USD/CAD slipped below 1.2700 as I thought it would and I opened a short position when it did. In my opinion, 1.2650 - 1.2630 is the first target but it may drop lower.
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Old Nov 10, 2017, 2:22pm   #507
Joined Oct 2014
Good to go long now i think.
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Old Nov 13, 2017, 5:48am   #508
Joined Apr 2014
The pair is trading in a tight range on the low, support can be seen around 1.2620/30 zone, on the upside 1.28 is psychological resistance level.
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Old Nov 14, 2017, 2:13pm   #509
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It rebounded from 1.2665 but I don't think this is the end of the drop. A breakout below 1.2650 and another drop to 1.2600 is still possible.
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Old Nov 15, 2017, 1:44pm   #510
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The drop did end after all. USD/CAD is rallying and I think it will test the local high at 1.2772. Above it the target is 1.2900.
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Old Nov 17, 2017, 3:32pm   #511
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USD/CAD broke out above 1.2772 and remains bulllish. I opened a long yesterday, I think I will keep it open until it reaches 1.2990.
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Old Nov 20, 2017, 5:06am   #512
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The pair keep on trading within the range.
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