USD/CAD Forecast April 21, 2017, Technical Analysis

The USD/CAD pair rallied at the open on Thursday, but found the 1.35 level to be resistive enough to turn the market around. Because of this, I think that the market is going to look for buyers underneath, and at the first signs of a supportive candle I’m willing to go long. I would also be a buyer above the 1.35 handle, especially if the oil markets start to roll over like they have been over the last couple of sessions. I have no interest in shorting based upon the impulsive moved to the upside. - 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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