Usd/cad

[csc2009]

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

The pair looks neutral and bearish for short term.

 

[dianajs]

USD/CAD is developing within a very tight sideways consolidation at 1.2740 but I think that eventually the depreciation will contunue to 1.2700.

 

[arigoldman]

The pair depreciated a bit, hopefully it will recover.

 

[dianajs]

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.

 

[dianajs]

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.

 

[arigoldman]

Good to go long now i think.

 

[csc2009]

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.

 

[dianajs]

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.

 

[dianajs]

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.

 

[dianajs]

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.

 

[csc2009]

The pair keep on trading within the range.

 

[dianajs]

USD/CAD is still inching upward but in a very corrective manner. I decided to close my long positions and wait out the correction.

 

[arigoldman]

USD/CAD is moving to the downside this week. I plan to buy at 1.2660.

 

[fxstrategist]

Usdcad

The USDCAD is doing something very predictable. When it bounced from the 200 day EMA around the 1.2808 level, it came and visited the 55 day EMA at the 1.2663 level from where it is starting to bounce back up. On the daily chart we can see that the pair is consolidating between those two moving averages.

 

[dianajs]

USD/CAD pulled back from 1.2746 and I think it will drop back to 1.2680, so I opened a short position.

 

[dianajs]

USD/CAD rebounded from 1.2680 again and formed a double bottom. The pair is very bullish at the moment and I think it will rally to 1.2830.

 

[dianajs]

USD/CAD reached 1.2830 as I thought it would. I think that the pair will keep moving north for the time being and it will reach 1.2900.

 

[arigoldman]

The Canadian dollar did not make any significant moves this week. Tomorrow's data might change that!

 

[dianajs]

A triple top at 1.2900 and a pullback was certainly a possibility and that's what happened. I think the pair will depreciate back to 1.2700.

 

[fxstrategist]

Usdcad

The USDCAD is oscillating around the 1.2690 level without taking a clear direction. Yesterday, the pair tried to reach the 1.2600 level, but leaves a false breakout and goes back to the 1.2690 level where we can find the 55 day EMA. The 200 day EMA at the 1.2800 level could act as resistance.