USD/CAD Forecast April 12, 2017, Technical Analysis

The USD/CAD pair went back and forth during the day on Tuesday, testing the 1.33 region. The oil markets were extraordinarily volatile, and that was the main culprit of the currency pair being so choppy. The 1.33 level below continues to offer support, but if we break down below the 1.3250 level, I think the market will then go to the 1.31 handle. Alternately, if we can break above the top of the daily candle I feel that the market will then go to the 1.3450 level next. Expect choppiness, that’s been the norm recently. - 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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