USD/CAD Forecast April 13, 2017, Technical Analysis

The USD/CAD pair fell during the session on Wednesday, crashing into the 1.3250 level. The market has been consolidating for some time, and the market looks as if it is trying to test that support area. If we can break down below there, the market could go much lower. Alternately, if we see a supportive candle that could be an opportunity to start buying again as we have been consolidating for the last several weeks. Either way, I expect this market to be very choppy, as oil markets have been very volatile lately. - 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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