At long last the usd to cad currency pair awoke from its slumbers yesterday ending the trading session with a wide spread down bar as the recent rally in the US Dollar of the last few weeks appears to have run out of steam, with...
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USD to CAD – US Dollar vs Canadian Dollar Daily Chart 10th July 2009
The past two weeks for the USD/CAD has been characterized by a series of narrow spread trading days resulting in a collection of spinning tops and doji candles, of which yesterday was yet another example in this sideways consolidation. Having said that the trend does...
USD vs CAD – Daily Candle Chart USD/CAD 6th July 2009
Friday’s candle on the usd to cad chart provides us with little substance for analysis given that the US markets were closed for a national holiday and therefore trading volumes were thin and the markets somewhat muted. The sideways consolidation of the last two weeks...
USD vs CAD – US Dollar/Canadian Dollar Daily Chart 3rd July 2009
As with several of the other major pairs the dollar to cad was a beneficiary of the market’s return to the US Dollar as equity markets suffered as a result of the dreadful NFP data in the US which fell below market expectations, taking the...
USD vs CAD – USD to CAD Daily Candle Chart 2nd July 2009
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...
USD to CAD – Daily Analysis Of The USD/CAD 1st July 2009
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...
USD to CAD – USD vs CAD Daily Chart 30th June 2009
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...
USD to CAD – Daily Chart US Dollar vs Canadian Dollar 29th June 2009
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”. ...
US Dollar/Canadian Dollar – USD/CAD Daily Currency Chart 26th June 2009
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...
USD to CAD – Daily Currency Rates USD/CAD Chart 24th June 2009
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...
