USD/CAD Forecast April 28, 2017, Technical Analysis

The US dollar has been very volatile against the Canadian dollar during the Thursday session. Initially rallying due to the idea that the US could be leaving the NAFTA agreement, but then turning right back around as President Trump suggested that it wasn’t going to happen right away. Ultimately, oil started falling, and that put more of a bullish move in the market. Currently, when I look at this chart I recognize that we have broken above a psychologically important level, and because of that I remain bullish. I recognize that is going to be very choppy, but I do think we 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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