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USD/CAD Forecast December 9, 2015, Technical Analysis

Daily Forex Reports | by FX Empire | Wednesday, 09 December 2015 07:46 UTC

The USD/CAD pair broke higher during the course of the session on Tuesday, clearing the 1.35 handle. The fact that we are broken above there signifies that the market is ready to go higher given enough time, we believe that pullbacks offer buying opportunities. A softer than usual crude oil market will of course work against the value of the Canadian dollar going forward. The US dollar of course is one of the more preferred currencies in the world, and it’s only a matter of time before this market continues to go much higher.

USD/CAD Forecast December 9, 2015, Technical Analysis

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