As per our previous analysis of USDCAD currency pair, we expected the currency pair to appreciate in this week from 1.2500 levels after a short correction. But unfortunately the currency pair didn’t given us an opportunity to buy at 1.2500 levels and taken support from 1.2621 levels. And the currency pair started appreciating from that level. Anyone who has bought the currency pair at 1.2621 levels would have gained some pips.
Currently as per the observed moves of the USDCAD, we are expecting it to further appreciate to its next resistance levels of 1.2999 and may start correcting from those levels. Price breaking above 1.3000 levels may trigger further buying pressure for USDCAD and can drag the currency pair to 1.3205 levels.

Resistance: 1.2665, 1.2751, 1.2796, 1.2900, 1.2999, 1.3205, 1.3349
Support: 1.2796, 1.2751, 1.2665, 1.2621, 1.2530, 1.2503, 1.2471

As per the technical analysis our trading strategy should be buying on dips may at the levels of 1.2755, 1.2665 and 1.2625. One can see strong support and huge buying pressure at 1.2500 levels.

As per the daily chart of USDCAD, we can observe that there is a clear cut upward movement from its support line and closed near its resistance of 1.2621 levels. As per the price movement and technical indicators, we are expecting this currency pair to appreciate further from its current levels in the mid-term. The pair got multiple supports near 1.2500 levels and we are expecting the currency pair to start appreciating from those levels after a small correction from 1.2665 levels.
So the strategy for trading this pair should be shorting the USDCAD pair at 1.2665 levels and covering positions near 1.2500 and again start mid-term buying around 1.2500 levels.

Resistance: 1.2665, 1.2751, 1.2796, 1.2900, 1.2999, 1.3205, 1.3349
Support: 1.2621, 1.2530, 1.2503, 1.2471, 1.2420, 1.2243, 1.2176, 1.2126
 

As per the technical analysis our strategy for the next few days should be:

Sell at 1.2665, Stop at 1.2700, Target at 1.2621, 1.2530, 1.2503, 1.2471
Buy at 1.2503, Stop at 1.2468, Target at 1.2530, 1.2621, 1.2665, 1.2751, 1.2796, 1.2900, 1.2999
Buy at 1.2471, Stop at 1.2436, Target at 1.2503, 1.2530, 1.2621, 1.2665, 1.2751, 1.2796, 1.2900
Sell below 1.2420, Stop at 1.2460, Target at 1.2243, 1.2176, 1.2126, 1.2101, 1.2071, 1.1915
 

It’s the continuation of the previous GBPUSD report. As per the daily GBPUSD chart, we can observe that the currency pair is trading near its support and near its lower trend line. The currency pair is also trading near its long term moving average and lower CG channel providing major support to the currency pair at the current price levels. So, purely on the basis of technical analysis, we are expecting this currency pair to appreciate from its current levels in the next few days.  
 
Resistance: 1.3267, 1.3603, 1.3636, 1.3834, 1.3990, 1.4055, 1.4552
Support: 1.3033, 1.2960, 1.2773, 1.2652, 1.2194, 1.2134
 

As per the technical analysis our strategy for the next week should be:

Buy at 1.3025, Stop at 1.2990 and Target at 1.3267, 1.3603, 1.3640
Buy at 1.2960, Stop at 1.2925 and Target at 1.3033, 1.3267, 1.3603, 1.3640
Sell below 1.2920, Stop at 1.2955 and Target at 1.2773, 1.2652, 1.2194, 1.2135
Buy at 1.2650, Stop at 1.2615 and Target at 1.2773, 1.2960, 1.3033, 1.3267, 1.3603
Sell below 1.2615, Stop at 1.2655 and Target at 1.2194, 1.2135