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 - 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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