USD/CAD Forecast April 11, 2017, Technical Analysis

The US dollar went back and forth on Monday, as we continue to chop around the consolidation area that the market has been trading in for several weeks. I still believe that the US dollar has plenty of bullish pressure underneath, but oil markets are making this trade a bit difficult. I still have a target of 1.35, but we need to see support of candles and better yet, a short-term impulsive green candle, to start taking that trade. If we break down below the 1.3250 level, we then will fall farther. - 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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