For the past year or so, the Canadian dollar or the Loonie as some traders call it has overtaken the USD. However, it appears that the USDCAD pair could already be bottoming. [Read more...]
Canadian Dollar To Retreat Versus the USD?
Canadian Dollar To Appreciate Some More?
It’s been awhile since I posted about the forex market. But guess what? I’m back in the FX trading arena! So as I was scanning through the charts of the major currency, the USDCAD got my attention in a snap! [Read more...]
The US Dollar Drops Like A Man
Despite the US dollar‘s weakness, it has been falling like a man trying to rally from every drop against the Canadian dollar when they hit parity. For the past few months, the 1.0000 level had been a very strong support for the greenback. However, now that the value of the US dollar versus the Canadian dollar (USD/CAD) is [Read more...]
