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USD/CAD Forecast December 21, 2015, Technical Analysis

Daily Forex Reports | by FX Empire | Saturday, 19 December 2015 15:00 UTC

The USD/CAD pair went back and forth during the course of the session on Friday, testing the 1.40 level. The 1.40 level above is the target that we have for some time, so having said that it’s possible that we may have to pullback in order to build up enough momentum to break out to the upside. A pullback from here should find buyers at several different areas, so we will not sell. On the other hand, if we break above the 1.40 level, we would be buyers there as well as it would show a continuation of the bullish pressure.

USD/CAD Forecast December 21, 2015, Technical Analysis

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