USD/CAD

Technical Analysis

USDCAD moves lower and tests 38.2% retracement/swing area after Bank of Canada rate hike

USDCAD moves lower and tests 38.2% retracement/swing area after Bank of Canada rate hike

  • Area between 1.3298 and 1.33314 is the major target area to get to and through. Resistance 1.3361 and 1.3374.
Greg Michalowski
Wednesday, 07/06/2023 | 14:16 GMT
07/06/2023 | 14:16 GMT
Technical Analysis

The USDCAD traders set up for the BOC rate decision tomorrow

The USDCAD traders set up for the BOC rate decision tomorrow

  • Price remains below the 100 and 200 day MAs
Greg Michalowski
Tuesday, 06/06/2023 | 16:47 GMT
06/06/2023 | 16:47 GMT
Technical Analysis

USDCAD moves back below 100 day MA at 1.35164

USDCAD moves back below 100 day MA at 1.35164

  • Prices also below the 38.2% retracement of the move up in May
Greg Michalowski
Thursday, 01/06/2023 | 14:59 GMT
01/06/2023 | 14:59 GMT
Technical Analysis

USDCAD sellers tried to extend below 50% retracement. They were not successful.

USDCAD sellers tried to extend below 50% retracement. They were not successful.

  • 50% is at 1.35808
Greg Michalowski
Tuesday, 30/05/2023 | 14:57 GMT
30/05/2023 | 14:57 GMT
Technical Analysis

USDCAD rotates to cluster of MAs

USDCAD rotates to cluster of MAs

  • 100 hour/200 hour MAs near converged at 1.3491
Greg Michalowski
Tuesday, 23/05/2023 | 15:36 GMT
23/05/2023 | 15:36 GMT
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