USD/CAD Forecast December 14, 2016, Technical Analysis

The USD/CAD pair did very little during the day on Tuesday as we continue to hug the previous uptrend line. Oil looks a little bit soft, so we could see the market turned things back around and if we can reach above the 1.32 level I feel that the market will continue to go much higher. On the other hand, if we break down below the 1.31 handle, I feel that the market will probably reach towards the 1.30 level below. The market is most certainly in an inflection point, and we must make a decision fairly soon. - 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