Canadian Dollar Outlook: USD/CAD Rally Rips to Resistance / 2020 Open 2020-12-22 18:00:00 Michael Boutros, Strategist
Canadian Dollar Technical Price Outlook: Near-term Trade Levels
Canadian Dollar updated technical trade levels – Daily & Intraday Charts
USD/CAD rebounds off multi-month downtrend support– recovery eyes yearly open resistance
Key near-term resistance at 1.2994 – Weekly-open support 1.2782 Advertisement
The Canadian Dollar is off more than 1% against the US Dollar since the start of the week with USD/CAD mounting the first major counter-offensive off technical support. The recovery keeps price within the broader downtrend and we’re looking for a more significant inflection in price on a stretch higher into yearly open resistance. These are the updated targets and invalidation levels that matter on the USD/CAD price charts heading into the close of the year. Review
Australian Dollar Forecast: Aussie Rally Tempting a Turn? 2020-12-21 18:00:00 Michael Boutros, Strategist
Australian Dollar Technical Price Outlook: AUD/USD Weekly Trade Levels
Australian Dollar technical trade level update - Weekly Chart
AUD/USD breakout to fresh yearly highs stalls at Fibonacci resistance
Aussie bulls look for breach above 7635 to mark resumption – key support at 7295 Advertisement
The Australian Dollar rallied more than 4% against the US Dollar in December with AUD/USD turning from long-term Fibonacci resistance at multi-year highs last week. While the broader outlook remains constructive on the back of the recent breakout, the advance may be vulnerable heading into the close of the year as Aussie approaches uptrend resistance targets just higher. These are the updated targets and invalidation levels that matter on the AUD/USD weekly price chart heading into the clos
Canadian Dollar Forecast: USD/CAD Sell-off Faces Downtrend Support 2020-12-16 18:00:00 Michael Boutros, Strategist
Canadian Dollar Technical Price Outlook: USD/CAD Weekly Trade Levels
Canadian Dollarupdated technical trade levels - Weekly Chart
USD/CAD plummets to multi-year lows – initial support in view
Critical support 1.2579-1.2619 - bearish invalidation lowered to 1.3056 Advertisement
The Canadian Dollar fractionally stronger against the US Dollar into the start of the week with USD/CAD attempting to mark fifth consecutive weekly decline. The Loonie trend has matured and while the broader risk remains titled to the downside, the decline may be vulnerable near-term as price approaches broader downtrend support. These are the updated targets and invalidation levels that matter on the USD/CAD weekly technical price chart heading into the close of the year. Review my latest Strategy We
Australian Dollar technical breakout has fueled a rally above the 75-handle as Aussie soars to multi-year highs. These are the levels that matter on the AUD/USD charts.