USDCAD saw some profit taking on friday as the end of the month came to a close, which gave us some bullish signals that might have been short lived. Seems like the market is back to its usual groove as NYC open is right around the corner. We should however keep a very close eye on the 1.25-1.253 area as if this level holds we could see some bullish momentum that could bring us up to 1.32 area. On the downside IF the 1.25 level breaks then we will could be looking for a possible 1.20 area.

USDCAD W1

USDCAD W1 05

USDCAD D1

USDCAD D1 05

4 thoughts on “USDCAD WEEKLY/ MONTHLY MAY 02 2016”

  1. Adil RADI says:

    thanks for sharing! good analysis.

  2. Agostinho Santos says:

    1-Bear 3 week more
    2-Dollar weak
    3-oil bull test %50/B
    4-inflection price begin of buy $ and weak yen begin of 2Q

  3. Agostinho Santos says:

    thanks for analysis Guy Pelletier

  4. Manny T says:

    Thanks for all your hard work will be keeping a close eye on it!

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