USD/CAD Forecast April 25, 2017, Technical Analysis

The USD/CAD pair initially fell during the day on Monday, but turned around to form a hammer like candle. As oil sold off, the Canadian dollar of course did as well. That being the case, looks as if we’re going to continue to try to break above the 1.35 level above. Once we do, we will reach towards the 1.36 handle after that. A move above there sets this market in a “buy-and-hold” attitude. I have no interest in selling, I believe the buyers will return on short-term pullbacks due to was going on in the oil market. - 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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