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USD/CAD Forecast December 14, 2015, Technical Analysis

Daily Forex Reports | by FX Empire | Saturday, 12 December 2015 14:10 UTC

The USD/CAD pair broke higher during the course of the session on Friday, clearing the 1.37 level. Ultimately, if we pullback from here we should see plenty of buying pressure underneath, and that the 1.35 level should be a bit of a “floor” at this point. We have no interest in selling, and look at any pullback as essentially “value” in the US dollar overall. With the oil markets falling apart, the Canadian dollar will more than likely continue to struggle and as a result we think that this trend is still has plenty of life left in it.

USD/CAD Forecast December 14, 2015, Technical Analysis

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