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.

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