USD/CAD – Currency exchange rate forecast 22.08.2019: consolidation.

USD/CAD - Currency exchange rate forecast 22.08.2019: consolidation.

Short positions below 1.3305 with targets at 1.3265 & 1.3250 in extension.

Pivot: 1.3305

Our preference: short positions below 1.3305 with targets at 1.3265 & 1.3250 in extension.

Alternative scenario: above 1.3305 look for further upside with 1.3320 & 1.3340 as targets.

Comment: the RSI is mixed to bearish.

Supports and resistances:

1.3340

1.3320

1.3305

1.3290 Last

1.3265

1.3250

1.3230

USD/CAD – Currency exchange rate forecast 21.08.2019: under pressure.

USD/CAD - Currency exchange rate forecast 21.08.2019: under pressure.

Short positions below 1.3295 with targets at 1.3250 & 1.3225 in extension.

Pivot: 1.3295

Our preference: short positions below 1.3295 with targets at 1.3250 & 1.3225 in extension.

Alternative scenario: above 1.3295 look for further upside with 1.3320 & 1.3335 as targets.

Comment: the RSI shows downside momentum.

Supports and resistances:

1.3335

1.3320

1.3295

1.3267 Last

1.3250

1.3225

1.3205

USD/CAD – Currency exchange rate forecast 20.08.2019 : bullish bias above 1.3305.

USD/CAD - Currency exchange rate forecast 20.08.2019 : bullish bias above 1.3305.

Long positions above 1.3305 with targets at 1.3340 & 1.3370 in extension.

Pivot: 1.3305

Our preference: long positions above 1.3305 with targets at 1.3340 & 1.3370 in extension.

Alternative scenario: below 1.3305 look for further downside with 1.3280 & 1.3255 as targets.

Comment: the RSI shows upside momentum.

Supports and resistances:

1.3400

1.3370

1.3340

1.3334 Last

1.3305

1.3280

1.3255

USD/CAD Currency exchange rate forecast 19.08.2019: further upside.

USD/CAD Currency exchange rate forecast 19.08.2019: further upside.

Long positions above 1.3285 with targets at 1.3350 & 1.3370 in extension.

Pivot: 1.3285

Our preference: long positions above 1.3285 with targets at 1.3350 & 1.3370 in extension.

Alternative scenario: below 1.3285 look for further downside with 1.3250 & 1.3230 as targets.

Comment: the RSI is bullish and calls for further advance.

Supports and resistances:

1.3400

1.3370

1.3350

1.3310 Last

1.3285

1.3250

1.3230

USD/CAD Currency exchange rate forecast 15.08.2019: consolidation.

USD/CAD Currency exchange rate forecast 15.08.2019: consolidation.

Short positions below 1.3325 with targets at 1.3280 & 1.3265 in extension.

Pivot: 1.3325

Our preference: short positions below 1.3325 with targets at 1.3280 & 1.3265 in extension.

Alternative scenario: above 1.3325 look for further upside with 1.3355 & 1.3380 as targets.

Comment: the RSI is mixed to bearish.

Supports and resistances:

1.3380

1.3355

1.3325

1.3305 Last

1.3280

1.3265

1.3245

USD/CAD Currency exchange rate forecast 14.08.2019: the bias remains bullish.

USD/CAD Currency exchange rate forecast 14.08.2019: the bias remains bullish.

Long positions above 1.3265 with targets at 1.3340 & 1.3355 in extension.

Pivot: 1.3265

Our preference: long positions above 1.3265 with targets at 1.3340 & 1.3355 in extension.

Alternative scenario: below 1.3265 look for further downside with 1.3245 & 1.3230 as targets.

Comment: the RSI shows upside momentum.

Supports and resistances:

1.3380

1.3355

1.3340

1.3298 Last

1.3265

1.3245

1.3230

USD/CAD – Currency exchange rate forecast 07.08.2019: turning down

USD/CAD - Currency exchange rate forecast 07.08.2019: turning down

Short positions below 1.3320 with targets at 1.3270 & 1.3250 in extension.

Pivot: 1.3320

Our preference: short positions below 1.3320 with targets at 1.3270 & 1.3250 in extension.

Alternative scenario: above 1.3320 look for further upside with 1.3345 & 1.3370 as targets.

Comment: the RSI is bearish and calls for further decline.

Supports and resistances:

1.3370

1.3345

1.3320

1.3297 Last

1.3270

1.3250

1.3225

USD/CAD – Currency exchange rate forecast 05.07.2019: the downside prevails

USD/CAD - Currency exchange rate forecast 05.07.2019: the downside prevails

Short positions below 1.3225 with targets at 1.3155 & 1.3125 in extension.

Pivot: 1.3225

Our preference: short positions below 1.3225 with targets at 1.3155 & 1.3125 in extension.

Alternative scenario: above 1.3225 look for further upside with 1.3245 & 1.3265 as targets.

Comment: the RSI shows downside momentum.

Supports and resistances:

1.3265

1.3245

1.3225

1.3193 Last

1.3155

1.3125

1.3100

USD/CAD – Currency exchange rate forecast 02.07.2019: intraday support around 1.3105

USD/CAD - Currency exchange rate forecast 02.07.2019: intraday support around 1.3105

Long positions above 1.3105 with targets at 1.3145 & 1.3160 in extension.

Pivot: 1.3105

Our preference: long positions above 1.3105 with targets at 1.3145 & 1.3160 in extension.

Alternative scenario: below 1.3105 look for further downside with 1.3090 & 1.3075 as targets.

Comment: a support base at 1.3105 has formed and has allowed for a temporary stabilisation.

Supports and resistances:

1.3175

1.3160

1.3145

1.3122 Last

1.3105

1.3090

1.3075

USD/CAD – Currency exchange rate forecast 02.07.2019: under pressure

USD/CAD - Currency exchange rate forecast 02.07.2019: under pressure

Short positions below 1.3130 with targets at 1.3090 & 1.3075 in extension.

Pivot: 1.3130

Our preference: short positions below 1.3130 with targets at 1.3090 & 1.3075 in extension.

Alternative scenario: above 1.3130 look for further upside with 1.3145 & 1.3160 as targets.

Comment: the RSI is bearish and calls for further downside.

Supports and resistances:

1.3160

1.3145

1.3130

1.3110 Last

1.3090

1.3075

1.3050