USD/CAD Forecast April 10, 2017, Technical Analysis

The USD/CAD pair initially fell on Friday but found enough support to turn the market completely around and form a massive hammer. This hammer suggests that we are going to go higher, perhaps reaching towards the 1.35 handle. If we can break above the 1.36 handle after that, it becomes a longer-term “buy-and-hold” type of situation as I believe the next move would be to the 1.45 level above. I believe that buyers will return on pullbacks as there seems to be plenty of support just below. Oil looks as if it is ready to roll over as well, and that of course is positive for this pair. - 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