USD/CAD Forecast December 17, 2015, Technical Analysis

Daily Forex Reports | by FX Empire | Thursday, 17 December 2015 07:27 UTC

The USD/CAD pair initially rallied during the day on Wednesday, but pulled back to form a relatively unimpressive candle. However, this is pre-FOMC, so we have no idea what the reaction will be yet. However, we recognize that any pullback at this point in time has to be thought of as value, so we are essentially “buy only” when it comes to this market anyway. Any type of support between here and the 1.35 level is a buying opportunity. A break above the top of the range for the session should send this market looking for the 1.40 level. At that point.


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.