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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 Sept 2018

USDCAD has been trading in a very narrow trading range the whole month of August and as long as we trade 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 […]

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USDCAD Weekly Forex Forecast – 3rd to 7th Sept 2018

The USDCAD exchange rate made a “U” turn and recovered all the losses to close the last week on a positive note. The weekly close above the big psychological number 1.3000 shows that the bulls are still in control. However, the stochastic indicator is displaying an extreme overbought reading, which suggests that we’ll see the […]

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USDCAD Weekly Forex Forecast – 27th to 31st August 2018

The USDCAD continues to trade above the key psychological number 1.3000. However, the weak close above it suggests that we may see a false breakout below it next week. Only a daily break and close below 1.3000 will shift the sentiment more to the downside. A break below can open the door for a retest […]

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USDCAD Weekly Forex Forecast – 20th to 24th August 2018

The USDCAD continues to trade on a weekly closing basis the big psychological number 1.3000. As long as we trade above the big round number we have a strong case for the bullish trend. We can note also the intraday support level 1.3065 but there is a big chance for the 1.3000 level to be […]

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USDCAD Weekly Forex Forecast – 13th to 17th August 2018

The USDCAD manages to break again above the big psychological number 1.3000 setting the tone for more strength. The strong weekly close above the big round number has opened the door for a retest of the next important resistance level 1.3220. Only a daily break and close below 1.3000 can shift the sentiment and open […]

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USDCAD Weekly Forex Forecast – 6th to 10th August 2018

The USDCAD broke and posted a weekly close below the big psychological number 1.3000, which gives a strong case for more bearishness in the market. The first important level of support comes at 1.2920 and a close below this level can open the door for more weakness all the way down to 1.2814. On the […]

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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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