Usd/cad

[Dominic]

I think that USD/CAD asset will go up.

 

[predator]

think that the price will come back to the channel than bit it to continue the trend

 

[michaelbai]

purple line is your expectation?

 

[Arashimuro]

I suppose that the price will turn after reaching the 1,3193 level.

 

[fxstrategist]

I like Predator's chart, but in order for the USDCAD to continue rallying, the US fundamentals would have to continue coming out better than expected and oil must keep dropping.

 

[fxstrategist]

Well, son far the 1.3300 level has proven to be a good resistance for the USDCAD. If the pair keeps retracing to the downside, then the 1.3200 could act as support.

 

[tomorton]

Hoping to enter long now the extended uptrend has resumed. Didn't want to jump in at a possibly unsustainable high price on the back of the NFPRs but otherwise just waiting for an entry signal and then re-test of 29/09 high.

 

[tomorton]

PS. This pair currently best bullish opportunity on my watchlist. Only USD/ZAR if you ever get down to that level has as many bullish points, but I am already long here. USD/ZAR has already got back into its long-term uptrend and has already breached the 29/09 shared high. Maybe this highlights the way USD/CAD wants to follow?

 

[Arashimuro]

I’m buying USD/CAD until the 1.3397 mark. After that, I close the deal and look for a new approach.

 

[fxstrategist]

The USDCAD is slowly retracing to the downside, the 1.3200 could act as support. The 1.3300 level could still be acting as a good resistance.

 

[Fugazsy]

seems like she is gently shifting towards support: Broken DTL, UTL and support of 3190 or otherwise she can go to revisit her recent high 3317...

 

[Arashimuro]

I can see two scenarios here – the basic (1) and alternative (2).

 

[dianajs]

It will probably reach 1.3520 and will bounce off of it.

 

[fxstrategist]

I really think the 1.4000 level could be the next resistance for the USDCAD.

 

[Arashimuro]

Right now, I can’t see the entrance for opening a deal on the asset, so I’ll wait until the price reaches one of the levels, and then I’ll make a decision.

 

[dianajs]

I agree, it's still consolidating after the last rally. I'd open a new long after it breaks above the last high at 1.4000.

 

[mlawson71]

The pair found some serious resistance at 1.40. It's unlikely it will break above that level before 2016.

 

[fxstrategist]

Nice pullback on the USDCAD, helped by the rally on oil. Still, the 1.3800 could act as support and the trend is still bullish.

 

[dianajs]

Right now the support is at 1.3840. A breakout below that level would mean that it will fall to 1.3800, possibly even 1.3750.

 

[Arashimuro]

The price went not as I expected, but nothing bad happened because the stop order had been triggered. This transaction didn’t harm me much. I think that USD/CAD asset will go down.