The USD/CAD pair broke out to the upside during the course of the session on Friday, making a fresh, new high. The 1.33 level being tested isn’t a big
The USD/CAD pair broke out to the upside during the course of the session on Friday, making a fresh, new high. The 1.33 level being tested isn’t a big surprise, but quite frankly we feel that we can even go above there. Pullbacks should be buying opportunities on signs of support, and have no interest whatsoever in selling. We believe that the 1.30 level below is the beginning of massive support all the way down to the 1.28 level. Ultimately, we anticipate that this market goes as high as 1.35, and perhaps even beyond there.
USD/CAD Forecast November 9, 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.
