USD/CAD Forecast December 13, 2016, Technical Analysis

The USD/CAD pair gapped slightly lower at the open on Monday, hanging about the previous uptrend line. Because of the Canadian dollar did not rally as drastically as the oil markets did, I am a bit suspicious of a move lower. If we can break above the 1.32 level, I would feel comfortable going long at this point. As far selling is concerned, I think if we break down below the 1.31 handle, we will probably reach down to the 1.30 level below which has been very supportive in the past. If oil start falling, that could turbocharge a move higher. - 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. bears no responsibility for any trading losses you might incur as a result of using any data within the