Despite the fact Canada was enjoying a national holiday yesterday, the usd to cad pair managed to provide some lively price action on the daily chart closing the day on a relatively wide spread down bar with the low of the day finding some support at the 14 day moving average.  Technically the current price [...]

Like many other currency pairs the future direction for the usd to cad depends to a great extent on the outcome of tomorrow’s NFP numbers and ECB interest rate decision.  In the meantime today has seen the release of the ADP figures which have come in far worse than expected at -473k against a forecast [...]

The usd to cad pair is currently finding it hard work to break through the 1.16 price region and for the sixth day in a row the closing price of the day failed to hold above this technically important level.   Whilst the moving averages are suggesting a move higher, particularly with the 40 day having [...]

Whilst Friday’s candle added to the general sideways consolidation of earlier in the week for the usd to cad pair, the low of the day found strong support from the 9 day moving average, suggesting once again that this reversal has still got some “legs”.  With the 14 day now crossing back above the 40 [...]

The USD to cad pair has reached an interesting point in the recent rally from the lows of 1.08, as we now approach the first level of serious resistance since the upwards move began.  Following the strong move higher on Monday the price action of the remaining days has simply consolidated sideways in a relatively [...]

As suggested in yesterday’s market commentary for the usd to cad the pair duly obliged with a mildly bullish tone during the trading session which has followed through in this morning’s early trading with a further small rise in the US Dollar.  The candle from yesterday on the daily chart ended the session with a [...]

Following Monday’s widespread up bar and break through above both the 40 day and resistance at the 1.14 level, it was no surprise yesterday that trading was restricted to a relatively narrow range with the candle closing as a “spinning top” and with a red body.  The strong reversal to the upside  has now been [...]

Friday’s daily candle on the dollar to cad chart ended the week of sideways consolidation for this currency pair with a narrow spread candle and with a deep lower wick, and the only significant aspect of the trading session was that the low of the day seemed to find support once again from the 9 [...]

As with many other currency pairs the usd to cad continues to move sideways, albeit with a downwards bias, but in a very narrow trading range, with yesterday’s candle indicative of the current mood of the market ending the day as a doji with a small body.  The open high, low and close all finished [...]

Yesterday’s candle to the usd to cad daily chart may have signalled an end to the recent short squeeze higher and a possible resumption of the continued move lower.  Of particular interest was the high of yesterday which failed to break through the 40 day moving average which would suggest this now presents a barrier [...]