USD/CAD Forecast June 22, 2016, Technical Analysis

The USD/CAD pair initially fell during the course of the session on Tuesday, and then turn right back around to form a bit of a hammer. That being the case it looks as if the market could bounce from here in order to fill the gap from the beginning of the week, but ultimately this is a market that looks very quiet as the oil markets have been relatively tame as well. Given enough time, we will have a significant move, but at this juncture I only see the possibility of a short-term move higher, which quite frankly probably isn’t going to be worth risking any money on. - 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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