The CAD could drop

[fxstrategist]

The USD/CAD keeps its bullish trend, the next resistance may be the 1.3458 level and from there the price may try to stall or even break to the downside, but if oil keeps dropping, then we may see a breakout of that level. A breakdown of the bullish trendline may indicate a change in direction, but there are no important supports until the 1.2840 area.

 

[fxstrategist]

The USD/CAD has gone sideways, but it keeps its bullish trend, even though it did tried to retrace to the downside some more.

 

[fxstrategist]

The USDCAD keeps heading higher as oil keeps dropping. Next possible resistance for the pair could be the 1.4000 level.

 

[fxstrategist]

Amazing run for the USDCAD, good to take advantage of bearish pullbacks for long entries.

 

[fxstrategist]

Nice pullback on the USDCAD, but the 1.3800 level could be a good support. The trend is still bullish, though.

 

[fxstrategist]

Another leg up on the USDCAD to the 1.4200 area, attention to a pullback to the 1.4100. Uptrend is still in place.

 

[fxstrategist]

The USD/CAD just keeps making new highs. Today it broke above the 1.43 level and it almost reached the 1.4400. Right now the price consolidates around the 1.4350 mid-point zone.

 

[fxstrategist]

The USDCAD bounces off from the 1.4600 level, the 1.4500 could act as support.

 

[fxstrategist]

The USDCAD is trying to visit the 1.4600 level. if it breaks that level to the upside, then the bullish momentum may accelerate towards the 1.4700 level.

 

[fxstrategist]

The USDCAD stalls its correction around the 1.4100 level. Price may try to go back down if oil falls.