USDCAD Analysis Feb 2020

10-Feb-2020

CMP: 1.3297; Res: 1.3334; Sup: 1.3289/1.3278
If the down trendlines break and the above support levels break, we can see 1.3263, 1.3226.

04-Feb-2020

CMP: 1.3290; Res: 1.3383/1.3661; Sup: 1.2951/2055
If 1.3383 resists, we will see big fall towards 1.2951 fist and further 1.2731-1.2673-1.2577.

USDCAD: Downside correction? 30-Jan-2020

CMP: 1.3211; Res: 1.3225; Sup: 1.2951
If 1.3225 resists, we can see downside correction towards 1.3160, 1.3120, 1.3088, 1.3056, 1.3031...

USDCAD: Is top in place? 28-Jan-2020

CMP: 1.3190; Sup: 1.3173
As of now res is at 1.3208. If resists and a break of 1.3173, we can see 1.3150, 1.3127, 1.3091...

USDCAD: Are we nearing top? 27-Jan-2020

CMP: 1.3183; Sup: 1.2951/1.3032
As per the Hourly Chart, I suppose, we are nearing top. Upside normal target 1.3186-1.3222. Extension can be 1.3281-1.3304.
But I expect reversal between 1.3186-1.3222. Let us wait and see how this is going to unfold.

Reversal downside target can be 1.3150-1.3127 initially. Normal target 1.3091-1.3030.