USD/CAD Forecast November 16, 2016, Technical Analysis

The USD/CAD pair fell rather significantly during the day on Tuesday, but I see quite a bit of support at the 1.34 level which is essentially the “bottom” at the moment and I believe that all of the noise just below there should continue to pushes market higher. We are a bit overextended, but we get the Crude Oil Inventories announcement coming out today, and as a result it could have a massive effect on the Canadian dollar itself. Longer-term, I believe that the market continues to show strength as a US dollar is the favored currency. - 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. bears no responsibility for any trading losses you might incur as a result of using any data within the