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Every week we recap the previous week and forecast the following week where we think the USDCAD will be heading in our USDCAD Weekly Forex Forecast. We know you will like our short but concise USDCAD analysis.

USDCAD Monthly Forex Forecast for August 2018

As long as the Canadian dollar, trades above the big psychological number 1.3000 the bulls remain in control. However, we can’t rule out a short-lived sell off all the way down until we retest the support level 1.2920 from where we should expect the bulls to show up again. Only a daily break and close […]

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USDCAD Weekly Forex Forecast – 30th July to 3rd August 2018

The USDCAD price action remains trapped in a wide trading range. On the downside the big psychological number 1.3000 is the key support level you should keep an eye on for a possible reaction higher. However a daily close below 1.3000 will open the door for a retest of 1.2920. The stochastic indicator isn’t showing […]

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USDCAD Weekly Forex Forecast – 23rd to 27th July 2018

The USDCAD has finished the week on a negative note after it had an unsuccessful attempt to break above the intraday resistance level 1.3220. Only a daily break and close above 1.3220 but more importantly above last week high 1.3287 can suggest that the bulls will try again to break above the double top established […]

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USDCAD Weekly Forex Forecast – 16th to 20th July 2018

The USDCAD support level 1.3065 has been proven to be a hard level to be taken out. The bears really need a daily break and close below this figure, but more importantly a close below the big round number 1.3000 will be a more powerful bearish signal. On the upside, the intraday resistance level 1.3220 […]

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USDCAD Weekly Forex Forecast – 9th to 13th July 2018

The USDCAD is getting close to retest the key support level 1.3065 which aligns perfectly with the 200-EMA giving confluence for a bounce. However, the big psychological number 1.3000 remains the level to watch and we can’t rule out the bears try to challenge the big round number again. Only a daily break and close […]

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USDCAD Monthly Forex Forecast for July 2018

The Canadian dollar is facing a dilemma because usually during the month of July, according to its seasonal pattern it tends to drop. However, after recent USDCAD rally, it might be the case we’re running out of steam to continue pushing higher. On the upside, the next big hurdle comes at the big psychological number […]

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USDCAD Weekly Forex Forecast – 2nd to 6th July 2018

The USDCAD gives back some of the previous gains but this is something naturally with the ebb and flow of the price. Now we have formed a double top at 1.3381 which remains the key resistance level coming into the new week of trading. Only a daily break and close above 1.3381 can open the […]

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USDCAD Weekly Forex Forecast – 25th to 29th June 2018

The USDCAD rally continued to extend breaking above multiple key resistance levels. In the short-term, we can see last week high being challenged again so a break above 1.3382 can’t be ruled out. We expect the breakout to fail around the 1.3400 level and we can even possibly see last week’s price range to be […]

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USDCAD Weekly Forex Forecast – 18th to 22nd June 2018

The USDCAD has broken to new yearly highs after it successfully broke above the previous swing high 1.3124. This is a clear bullish sign, but the market needs to take its breath after the recent explosive rally. The next major resistance level comes at 1.3250 were the USDCAD can find some sellers. Only a daily […]

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USDCAD Weekly Forex Forecast – 11th to 15th June 2018

The USDCAD continues to trade inside a very frustrating and a trading range that gets more narrowed by the day. This contraction in price suggests that sooner rather than later we should see trend expansion, but we need to wait for confirmation and a clear breakout to assert the direction of the break. The weekly […]

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