FUND Buy 21.06.2021 09:39
USD/CAD: trading instrument completely reversed
Against USD strengthening, the USD/CAD pair grows, trading at the level of 1.2468.
TECH Sell 17.06.2021 07:44
USD/CAD: wave analysis
The pair may fall.
On the daily chart, the downward wave of the higher level (C) of 4 develops, within which the fifth wave 5 of (C) forms. Now, the fifth wave of the lower level v of 5 is developing, within which the wave (iii) of v has formed, and a local correction is ending to develop as the wave (iv) of v. If the assumption is correct, after the end of the correction, the pair will fall to the levels of 1.1900–1.1800. In this scenario, critical stop loss level is 1.2332.
FUND Buy 16.06.2021 08:37
USD/CAD: consolidation pending new drivers
USD shows a slight decline against CAD in trading in the Asian session, consolidating near the local highs since May 6, updated the day before.
FUND Buy 08.06.2021 11:14
USD/CAD: consolidation in anticipation of new catalysts for the movement
The USD/CAD pair is trading within a range between the resistance level of 1.2162 and the support level of 1.2033, preparing for a further breakthrough, which requires a significant fundamental driver. However, in the absence of significant news that could affect the dynamics of the trading instrument, investors took a break and close profitable positions of April – early May 2021.