USD/CAD Forecast November 10, 2016, Technical Analysis

The USD/CAD pair broke higher during the day on Wednesday, as we cleared the 1.35 level at one point. We did get back some of the gains though, so at this point I believe that we will have to look to short-term buying opportunities in order to go long. I have no interest in selling, and believe that eventually the markets will not only break above the 1.35 handle, but well above there as well. I have no interest whatsoever in selling this market, as I believe that longer-term oil markets well structural issues - 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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