USD/CAD Forecast November 8, 2016, Technical Analysis

The USD/CAD pair gapped lower at the open on Monday, and then turned around to fill that gap. By doing so, we found quite a bit of resistance, and turned around yet again to form an exhaustive candle. I believe that given enough time we will try to break down from here as we are a bit overextended. The US presidential election today will of course be a major influence on what happens next, so ultimately I believe that the currency pairs will be fairly quiet until the election results are announced

Eracash.com - 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. Eracash.com bears no responsibility for any trading losses you might incur as a result of using any data within the Eracash.com