USD/CAD Forecast April 27, 2017, Technical Analysis

The USD/CAD pair initially tried to rally during the session but continues to find the 1.36 level to be far too resistive. Because of this, looks like we are to pull back a little bit as oil markets rallied. I think the 1.35 level underneath will be supportive, so I would look for buying opportunities in that general vicinity. Alternately, if we can break above the recent high, that should send the market to more of a “buy-and-hold” type of attitude. I have no interest in shorting, this is a market that should continue to go higher. - 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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