Sponsors

USD/CAD Forecast November 24, 2015, Technical Analysis

Daily Forex Reports | by FX Empire | Tuesday, 24 November 2015 06:52 UTC

The USD/CAD pair initially tried to rally, but turned back around on Monday in order to form a bit of a shooting star. This simply shows that the market is struggling a bit to continue to go higher, and as a result we believe that the market may have to pullback in order to build up momentum. Any supportive candle below should be a buying opportunity, and that’s exactly what we will use them for. We believe that the 1.35 level above is going to be resistive, but should eventually get broken above given enough time.

usdcad

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.

Sponsors

Subscribe to Newsletter

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