USDCAD on Oil Recovery and Fed's Next Move

21 Mar 2016

After head-shoulders neckline 1.3800 broken, we finally have arrived the 1.3000 level last week. Where are we going from this point on?

21 Mar 2016

Not

I am spotting a bounce forming on the 1.3000 level on the daily chart as dollar has arrived in the intervention level.

22 Mar 2016

Not

Today We have a firm bounce on the 1.3000 level.

22 Mar 2016

Not

still waiting for the MACD to cross.

24 Mar 2016

Not

Latest Update
1. Price breaks above the 1.3200 on daily.
2. Price breaks the down trend resistant level.
3. MACD Cross UP

Looks like we finally got a confirmed BULL pattern on the daily chart.

27 Mar 2016

Not

USDCAD makes new highs as Crude dropped below 40$ per barrel last week.