USD/CAD Forecast November 11, 2016, Technical Analysis

The USD/CAD pair tried to rally during the course of the week, reaching towards the 1.35 level above. That is an area that has been resistance, and at this point in time I think that we may have to attempt it a couple times, but eventually we should break out. This will be especially true if the oil markets continue to fall, which they do look at very weak at the moment. Pullbacks continue to offer value in this market that I will take advantage of. I have no interest whatsoever in selling this pair anytime soon.

Eracash.com - 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. Eracash.com bears no responsibility for any trading losses you might incur as a result of using any data within the Eracash.com