USD/CAD Forecast November 21, 2016, Technical Analysis

The USD/CAD pair struggled a bit during the day on Friday as we continue to meander around the 1.35 handle. Ultimately though, this is a market that has quite a bit of bullish pressure underneath, and as a result I think we will continue to go higher over the longer term. I am waiting to see some type of supportive pullback that I can start going long based upon. Also, you have to keep in mind that the oil market will continue to influence the Canadian dollar overall, and as it falls this pair should go higher. - 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.

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