USD/CAD Forecast February 1, 2016, Technical Analysis

The USD/CAD pair tried to rally, but failed on Friday. However, we think that sooner or later there will be buyers as this area is so strong in support. Oil has been going higher on a shot-term bounce, and we think that is what this is all about. We are looking for supportive candles in order to buy, and have no real interest in selling until we break below the 1.38 handle as it is the bottom of support as far as we can tell. Watch oil, it will lead the way. - The company, employees, subsidiaries and associates, are not liable nor shall they be held liable jointly or severally for any loss or damage as a result of reliance on the information provided on this website. The data contained in this website is not necessarily provided in real-time nor is it necessarily accurate.

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