USD/CAD Forecast December 12, 2016, Technical Analysis

The USD/CAD pair went back and forth on Friday, as we continue to drift around. We have the OPEC and non-OPEC countries meeting over the course of the weekend, to discuss some type of production cut. If we get that, I feel that the market will have to make its decision on the Canadian dollar. If we get a production cut, then that should push the value of oil higher, which should push this market lower. Alternately though, if they do not I feel that we will bounce and continue restores the 1.35 handle. - 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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