The USD/CAD pair broke higher during the course of the session on Monday, as we approached the 1.31 level. With this, the market looks as if it is ready
The USD/CAD pair broke higher during the course of the session on Monday, as we approached the 1.31 level. With this, the market looks as if it is ready to continue going higher. A break above the top of the range for the day. At that point in time, we would anticipate this market reaching towards the 1.33 level. Ultimately, we believe that this market will break above there as well, heading towards the 1.35 level over the longer term. We have no interest whatsoever in selling as there is more than enough support below.
USD/CAD Forecast November 3, 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.
