USD/CAD Forecast November 14, 2016, Technical Analysis

The USD/CAD pair broke out above the 1.35 handle during the day, and continue to go higher on Friday. We did get back some of the gains but given enough time to looks as if we will go higher. A break above the top of the highs during the day on Friday is reason enough to think that this market will eventually reach towards the 1.40 level. Any pullback at this point should have plenty of support down at the 1.34 handle, so buyers continue to run this market as far as I can see.

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