The USD/CAD pair initially fell during the day on Wednesday but turned back around to show strength yet again. We believe that this market will continue
The USD/CAD pair initially fell during the day on Wednesday but turned back around to show strength yet again. We believe that this market will continue to reach towards the 1.3450 level, so we are buyers. We believe that we will also break above there, so given enough time this is a longer-term “buy-and-hold type of situation. Having said that though, this pair does tend to be choppy, and as a result you will have to be very patient in order to collect your profits. We have no interest whatsoever in selling this market right now.
USD/CAD Forecast November 19, 2015, Technical Analysis
Being FXEmpire’s analyst since the early days of the website, Chris has over 20 years of experience across various markets and assets – currencies, indices, and commodities. He is a proprietary trader as well trading institutional accounts.
