The USD/CAD pair initially tried to rally during the course of the session on Tuesday but then turned back around to fall down to the 1.33 handle. There
The USD/CAD pair initially tried to rally during the course of the session on Tuesday but then turned back around to fall down to the 1.33 handle. There should be plenty of support below though, so we are simply waiting to see some type of supportive candle in order to start buying again as we favor the US dollar over anything else Forex related at the moment. We believe that this market will try to build up enough momentum to finally break above the 1.35 handle, and that it’s only a matter time before we continue the longer-term uptrend.
USD/CAD Forecast November 25, 2015, Technical Analysis
Chris is a proprietary trader with more than 20 years of experience across various markets, including currencies, indices and commodities. As a senior analyst at FXEmpire since the website’s early days, he offers readers advanced market perspectives to navigate today’s financial landscape with confidence.
