USD/CAD Forecast November 23, 2015, Technical Analysis

Daily Forex Reports | by FX Empire | Sunday, 22 November 2015 06:49 UTC

The USD/CAD pair initially fell during the course of the day on Friday, but turned back around to crash into the 1.3350 level. With this, we believe that the market is getting ready to go higher, but recognize that pullbacks could come. Pullbacks at this point time should be buying opportunities, so we will use them as such. We have no interest in selling, and that it’s only a matter of time before we make a much longer-term “buy-and-hold” type of situation. Oil markets continue to punish the Canadian dollar, while the US dollar continues to strengthen overall.


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.