USD/CAD Forecast September 18, 2017, Technical Analysis

The US dollar had a choppy session against the Canadian dollar, as we continue to grind higher. However, there is an uptrend line that had recently been broken on the weekly chart’s above, and that should offer plenty of resistance. I’m looking for reason to start selling this market, and if we can get it, I would be very interested in trying to play the longer-term downtrend. Alternately, a break above the 1.25 level would be very bullish. I expect a lot of volatility in this pair, so patience will be needed. - 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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