Usd/cad

Dec 9, 2015
533
8
USD/CAD finally rebounded from 1.3385 today. I think it will retrace to 1.3460 - 1.3470, but I don't think this is the end of the downward trend.
 
Dec 9, 2015
533
8
The corrective movement to the upside reached all the way to 1.3500 before it ended. The pair started falling after a pair of bearish pin bars formed on the H4. I think it will test the last low at 1.3387.
 
Dec 9, 2015
533
8
Very difficult to trade that pair lately.
It's caught it in a tight range before the US Non-Farm payrolls on Friday. That should be the catalyst that prompts further development.
 
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Dec 9, 2015
533
8
USD/CAD rebounded from 1.3435 and I think it will rally toward 1.3540, or even toward 1.3560. I don't think there would be much larger development before the NFP.
 

fxstrategist

Established member
Apr 10, 2014
571
15
The USDCAD goes back up to the 1.3500 level and it is currently trying to break that level to the upside. In case of a bullish breakout, the pair may continue towards the 1.3600 level.
 
Dec 9, 2015
533
8
The pair has finally broken out below the range and it's essentially in freefall. I think its closest target is at 1.3200 but this is only the beginning of the drop.
 
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