The USD/CAD pair rose during the course of the day on Thursday, as we continue to see quite a bit of bullish pressure in this market. With this being the
The USD/CAD pair rose during the course of the day on Thursday, as we continue to see quite a bit of bullish pressure in this market. With this being the case, it’s no surprise that the buyers returned again, simply because the market has several different supportive areas below. With this being the case, the market should continue to reach towards the 1.35 level or the longer term, and as a result we are buyers of supportive candles and impulsive moves higher. Selling isn’t even a thought, as the market has recently broken above a massive resistance barrier.
USD/CAD Forecast November 20, 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.
