USD/CAD Forecast November 22, 2012, Technical Analysis

USD/CAD fell during the session on Wednesday after initially gaining. The market did very little in the end though, and this makes sense as most traders in North America are more interested in the Thanksgiving holiday than anything else at the moment.

Even with the cease fire in the Middle East, we saw very little in the way of movement. Because of this, we feel this pair will be very, very quiet the rest of the week as it is primarily traded during the North American hours. We also feel that this pair is “stuck” between parity and 0.99 for the time being.


Written by FX Empire