USD/CAD Forecast November 18, 2015, Technical Analysis

Daily Forex Reports | by FX Empire | Wednesday, 18 November 2015 05:32 UTC

The USD/CAD pair fell initially during the day on Tuesday, but found enough support below to turn things around and form a bit of a hammer. With this being the case, the market looks like it is ready to go higher, reaching towards the 1.3450 level yet again. If we can get above there, the market should then head to the 1.35 handle, and enter more of a “buy-and-hold” type of situation. We believe the dips offer buying opportunities as well, and as a result we have no interest in selling this market at all.


Recommended Forex Trading Platforms

Forex Trading We know that the right opportunity can happen at anytime, anywhere. Saxo Capital Markets is committed to giving you a suite of platforms that will enable you to access your account and trade the markets whenever and wherever you want.


Subscribe to Newsletter

To receive alerts by email when Free Forex Analysis are updated. Enter your email address below.