USD/CAD Forecast March 17, 2017, Technical Analysis

The US dollar gains lightly against the Canadian dollar after falling precipitously on Wednesday. The 1.33 level offering support, and of course the fact that the oil markets looks so soft will continue to work against the value of the CAD anyway. Because of this, believe a break above the top of the hammer for the session on Thursday should be a nice buying opportunity as we will then reach toward 1.35 above. Every down below the bottom the humor course would be slightly negative, as we would go looking for support near 1.32. - 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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