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
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.
