USD/CAD Forecast September 22, 2016, Technical Analysis

The USD/CAD pair went back and forth during the course of the session on Wednesday, as we continue to bang around the 1.32 handle. I do believe that eventually this market goes higher though, and as soon as the oil markets are to drift lower, this market should continue to go much higher. Perhaps at that point in time we could go to the 1.35 handle, which is a much larger, round, psychologically significant number. Markets tend to be attracted to him, and this of course will be any different. A break down below the 1.31 handle, the market will reach towards the 1.30 handle.

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