USDCAD – US Dollar Bearish Vs CAD Ahead of NFP Report

USDCAD – US Dollar Bearish Vs CAD Ahead of NFP Report Key Highlights The US dollar seems to be struggling against the Canadian dollar, and may trade lower. There is a crucial bearish trend line formed on the hourly chart of USDCAD, which may act as a resistance near 1.3400-20. The US nonfarm payrolls will be released by the US Department of Labor today, and the ma...
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USDCAD – US Dollar Awaits NFP Report For Break Vs CAD

Key Highlights The US Dollar is on a winning streak against the Canadian dollar, and may continue to move higher. There is a contracting triangle pattern formed on the 4-hours chart of the USDCAD pair, which may provide us the next break. Today, the all-important US nonfarm payrolls report will be released by the US Department of Labor. The forecast is slated for ...
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USDCAD – US Dollar In A Larger Downtrend Vs Canadian Dollar

USDCAD – US Dollar In A Larger Downtrend Vs Canadian Dollar Key Highlights US dollar traded lower this week against the Canadian dollar, and look set for more declines in the near term. There was a monster support trend line on the daily chart of the USDCAD pair, which was broken during the recent decline. Today during the NY session, the Canadian Consumer Price I...
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USDCAD – US Dollar at Potentially Significant Turning Point

USDCAD – US Dollar at Potentially Significant Turning Point Key Highlights The US Dollar recently traded as low as 1.30 against the Canadian dollar where it found buyers. Before the downside move, the USDCAD pair broke a support trend line on the 4-hours chart. Today, the US Personal Income will be released by the Bureau of Economic Analysis, Department of Commerc...
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USDCAD – US Dollar Setting Up For More Losses Against CAD?

USDCAD – US Dollar Setting Up For More Losses Against CAD? Key Highlights The US Dollar moved down against the Canadian dollar, and it looks poised for more declines. There was a major bullish trend line formed on the 4-hours chart of the USDCAD pair, which was broken during the downside move. In the US, the Consumer Price Index will be released by the US Bureau o...
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USDCAD Poised for Continued Weakness? Brexit Outcome Awaited

USDCAD Poised for Continued Weakness? Brexit Outcome Awaited Key Highlights US dollar failed to remain in the bullish zone against the Canadian dollar and traded lower. There was a bearish trend line formed on the 4-hours chart of USDCAD, which acted as a perfect barrier and pushed and the pair down. The UK Referendum outcome is awaited today, which may impact the m...
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USDCAD – US Dollar Downtrend Likely Over Vs CAD

USDCAD – US Dollar Downtrend Likely Over Vs CAD Key Highlights US Dollar after tumbling against the Canadian Dollar managed to find support near 1.2500. There was a bearish trend line formed on the daily chart of the USDCAD pair, which was broken by the bulls for an upside move. Today, the Canadian Consumer Price Index (CPI) will be released by the Statistics Cana...
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USDCAD – Canadian Dollar May Continue To Gain Vs US Dollar

USDCAD – Canadian Dollar May Continue To Gain Vs US Dollar Key Highlights             US Dollar struggle continued against the Canadian Dollar, as the USDCAD pair remained in a downtrend. There is a monster bearish trend line formed on the hourly chart of the USDCAD pair, which is acting as a hurdle for the pair. In the US, the Institute for Supply Manag...
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USDCAD To Continue Its Slide? Canadian CPI Next

USDCAD To Continue Its Slide? Canadian CPI Next Key Highlights             Canadian Dollar gained a lot of traction recently and traded higher against the US Dollar. The USDCAD pair fell sharply during the past few days and traded below the 1.3000 support area. Today, the Canadian Consumer Price Index (CPI) will be released by the Statistics Canada, which ...
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USDCAD: Can Dollar Recover?

USDCAD: Can Dollar Recover Or Fall Against Canadian Dollar? Key Highlights             US Dollar traded down against the Canadian Dollar, and it looks like poised for more losses if buyers lose control. There is a major bearish trend line formed on the 4-hours chart, which may act as a solid resistance if the pair moves or corrects higher. In the US, the C...
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