Usd/cad

[dianajs]

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.

 

[dianajs]

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.

 

[csc2009]

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.

 

[dianajs]

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.

 

[dianajs]

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.

 

[dianajs]

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.

 

[arigoldman]

Nothing major happened to the pair this last week.

 

[csc2009]

The pair continue it's consolidation between 1.252 to 1.243.

 

[dianajs]

USD/CAD has rallied above 1.2530 as I thought it would, so I wouldn't be surprised if it reaches 1.2600 after all. Next target above 1.2600 could be around 1.2650.

 

[dianajs]

USD/CAD has a double top at 1.2597 and 1.2590, I think there will be a pullback from that zone and a drop to 1.2400.

 

[arigoldman]

Good move to the downside, somehow not strong enough though.

 

[dianajs]

Good move to the downside, somehow not strong enough though.

I thought it would fall to 1.2400, but apparently that wasn't the case as it rebounded from 1.2450 and it may now finally rally above 1.2600.

 

[csc2009]

I thought it would fall to 1.2400, but apparently that wasn't the case as it rebounded from 1.2450 and it may now finally rally above 1.2600.

Focus on the BoC this week, the pair is likely to extend the rally if the BoC will show any sign of dovish tone.

 

[dianajs]

USD/CAD did rally above 1.2600 as I thought it would. The pair remains very bullish and I wouldn't be surprised if it continues moving north to the last local high at 1.2777.

 

[arigoldman]

USD/CAD appears capped at current level. Above 1.2670 bulls will take over, right now pair is in bearish territory.

 

[dianajs]

USD/CAD is stuck in a tight range above 1.2780. I think that once that ends it will keep moving north to 1.3000.

 

[csc2009]

USD/CAD is stuck in a tight range above 1.2780. I think that once that ends it will keep moving north to 1.3000.

I agree, bullish trend remain intact, 1.30 act as very strong handle on the upside, break above the immediate resistance level 1.2920 would open the door to more gains.

 

[piphoe]

went long CAD few mins ago...up 6+ pips weeeee

i'll add lower if i have too.

 

[dianajs]

There is a double top at 1.2916, so I think we might see a move to the downside. However, we should also keep in mind that the NFP data will come out tomorrow and then there should be a lot of volatility.

 

[arigoldman]

The Canadian dollar lost a lot this week to the US dollar. I think that's a healthy depreciation.