USD/CAD Forecast November 9, 2016, Technical Analysis

The US dollar initially tried to rally during the course of the session on Tuesday, but found enough resistance to turn things back around. At this point, we have been very bullish, and I think that it’s only a matter of time before the buyers come back to push again and again. Pay attention to the oil markets, if they start falling again, that should send this market much higher. At this point though, I feel that we are simply continuing the upward channel that we have been in since early August. - 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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