USD/CAD Forecast July 18, 2016, Technical Analysis

The USD/CAD pair went back and forth during the course of the day, but settled on a slightly positive candle. The 1.30 level is essentially the fulcrum for the back-and-forth trading that we have seen recently. With this, I believe that we will continue to go a little higher, but it will be choppy. The 1.32 level being broken to the upside would be a massively bullish signal. Regardless, volatility will be the mainstay of this particular market. There has been quite a bit of a noisy reactions in the oil markets, and that of course will continue to make this market very noisy. - 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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