USD/CAD Forecast March 30, 2017, Technical Analysis

The USD/CAD pair did very little during the day on Wednesday, which was a bit surprising considering that the oil markets took off to the upside after the EIA announcement. Because of this, I believe that we may see buyers enter the market given enough time. I would have to see some type of supportive daily candle or some type of breakout above the top of the range for the Tuesday session in order to start going long though. I believe there is a significant amount of support near the 1.33 handle underneath as well.

Eracash.com - 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. Eracash.com bears no responsibility for any trading losses you might incur as a result of using any data within the Eracash.com