USD/CAD Forecast November 24, 2016, Technical Analysis

The USD/CAD pair rallied on Wednesday, breaking above the 1.35 level at one point. However, we did get back a little bit of the gains and that shows just how much resistance there is above. Ultimately, I believe that this is a “buy only” type of market, especially considering how soft the oil markets have been as of late. With this in mind, I look at short-term pullbacks as buying opportunities in the market that has been extraordinarily bullish over the last several months. I have a target of 1.40 and believe that the 1.34 level is support. - 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