USD/CAD Forecast November 28, 2016, Technical Analysis

The US dollar initially fell on Friday, but then turned right back around to break above the 1.35 handle. We are closing towards the top of the range, and thus it should continue the bullish pressure to the upside. The 1.36 level is resistive, but given enough time I think that we break above there and restore to 1.40 level beyond that. Oil markets continue to roll over, and that should continue to put pressure on the Canadian dollar in general, driving this market higher. With this, I believe that pullbacks are buying opportunities, and selling isn’t a possibility. - 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