Usd/Cad

[anitagala124]

Canada’s dollar advanced from almost its lowest level since February as a rally in stocks reduced demand for the greenback as a refuge.

[Victoryindia]

The Dollar gained momentum across the board in the last hours as stocks opened sharply negative in Wall Street and turned to the downside in Europe with main indexes now falling more than 1.05%. Commodity currencies weakened and reached fresh daily lows versus the US Dollar.

[anchitkole]

The 200-Day SMA comes in by the 0.9800 figure and the recent break and close back above this longer-term moving average opens the door for a more sizable shift in the overall construct of the market and a sustained move back above parity. In the interim, look for any intraday setbacks to be well supported above 0.9600.

[anitagala124]

the chart is showing that the pair has closed it's daily candle under the level of 0.9800 , and that's mean that the down trend is still standing and the pair might reach 0.9740 and then 0.9700

[anchitkole]

Prices put in a Bearish Engulfing candlestick pattern below resistance at the psychologically critical parity level and corrected lower, with subsequent price action taking the shape of a triangle chart pattern. The setup is indicative of bullish continuation and we will look for a break above resistance at 0.9910 � the 23.6% Fibonacci extension level � to enter long.

[anitagala124]

the pair and as we can see from the chart is trading under level 0.9900 , so , that's mean the down trend is still standing and the pair might head to 0.9840 and then 0.9800 how ever the pair made any hourly correction

[Victoryindia]

The USD/CAD reached briefly above 0.9900 in the opening hour of the European session as the greenback was supported by a negative open for equities, however a quick recovery in London has pressured the pair back down towards the prior level of 0.9875 where it lingers in wait of fresh direction.

[anchitkole]

The 200-Day SMA comes in by the 0.9800 figure and a break and close back above this longer-term moving average will open the door for a more sizable shift in the overall construct of the market. In the interim, look for any intraday setbacks to be well supported above 0.9600.

[anitagala124]

the pair and as we can see from the chart has closed it's daily candle under the level of 0.9900 , so , that's mean the down trend is still standing and the pair is heading to 0.9850 then 0.9820

[anchitkole]

The measuring technique reveals an objective just above 10400 (width of consolidation added to the breakout level). A new high may complete 5 waves up from the low. A setback to at least 9750 would present an opportunity to get long.�