• Massive Rise Maybe In The Works In USDCAD

    Massive Rise Maybe In The Works In USDCAD

    The US dollar may be in a position to score big versus its little brother up north – the Canadian dollar. As you can see from the weekly chart of the USDCAD pair, it looks to have just broken out from a rather massive rounding bottom pattern when it successfully punched through its neckline resistance

  • Looking To Jump Into The USDCAD Breakout

    Looking To Jump Into The USDCAD Breakout

    August 2, 2013 (2:31 pm) – The USDCAD pair has recently broken out from an inverted head and shoulders (inverted kilroy) or a rounding bottom pattern as seen in its 1-hour chart. The pair has hit a high of around 1.0360 after moving above its neckline resistance at 1.0320. Now if the Canadian dollar temporarily

  • Playing The USDCAD Range

    Playing The USDCAD Range

    The USD/CAD pair has been trading within a rectangle or a box with a support at 1.0360 and a resistance at 1.0440. As you can see from its 1-hour chart, the pair has fallen towards the range’s support. If this level holds then the USD may bounce back against the loonie and bring the pair