USD/CAD Forecast July 25, 2016, Technical Analysis

The USD/CAD pair broke higher during the course of the session on Friday, as we have shown quite a bit of bullish pressure and not only the US dollar, but also we have seen quite a bit of weakness in the crude oil market. This is a “double whammy” when it comes to this marketplace, and as a result I feel that as soon as we break above the 1.32 level, the market will then reach towards the next major resistance barrier in the form of the 1.35 handle. Pullbacks should offer buying opportunities on supportive candles as well. - 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