USDCAD

USD/CAD has fallen sharply from a high of 1.3946 to a low of 1.2703. Technical Analysis: What the Charts Tell Us Looking at the 4-hour chart, we can see a clear falling trend line. This line is crucial for understanding the pair’s potential next moves. Bearish Scenario: Further Downside Possible Potential Bullish Reversal While the…

The USD/CAD currency pair has recently witnessed a significant development, breaking above the falling trend line on the 4-hour chart. This upside move from the 1.3631 level has extended as high as 1.3782, indicating that the previous downside move from the 1.3845 high has likely completed at the 1.3631 low. With this bullish breakout, further…

The USD/CAD currency pair is currently testing the resistance of a falling trend line on the 4-hour chart. This trend line has been acting as a significant barrier, and as long as it holds firm, the recent rise from the 1.3631 level could be viewed as a consolidation phase within the broader downtrend that began…

The USDCAD currency pair remains trading below a falling trendline visible on the 4-hour chart timeframe. This technical setup suggests that the broader downtrend from the 1.3845 high is still very much in force at the moment. As long as USDCAD continues to respect that falling trendline resistance area, the path of least resistance appears…