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