USD/CAD Forecast June 23, 2016, Technical Analysis

The USD/CAD pair initially fell during the day on Wednesday but turned right back around to form a bit of a hammer. The 1.28 level seems to be somewhat supportive, and there is a gap at the beginning of the week that has yet to be filled. With oil markets softening a bit, we could see a little bit of a bounce in this market as well as a run to the US dollar due to concerns about the EU referendum vote coming out of the United Kingdom. Because of this, there will be a lot of volatility and typically that benefits the US dollar. - 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.

All prices herein are provided by market makers and not by exchanges. As such prices may not be accurate and they may differ from the actual market price. bears no responsibility for any trading losses you might incur as a result of using any data within the