USD/CAD Forecast November 7, 2016, Technical Analysis

The USD/CAD pair initially tried to rally on Friday but turned around just below the 1.35 resistance barrier to form a massive shooting star. This is a negative sign, but there are a lot of hammers just below so I think eventually the buyers return. Expect a lot of volatility over the next couple of sessions as we await the results of the US presidential election so it might be best to stay on the sidelines. With this being the case, I am waiting to see whether we get a clear-cut supportive candle below. - 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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