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USD/CAD Forecast December 30, 2015, Technical Analysis

Daily Forex Reports | by FX Empire | Wednesday, 30 December 2015 05:31 UTC

The USD/CAD pair tried to rally initially during the day on Tuesday, but turned back around to form a bit of a shooting star. This market looks as if it is not quite ready to break out to the upside and that’s not a big surprise to us as the 1.40 level above is so psychologically significant. A break above there of course is a longer-term “buy-and-hold” type of situation, but we think that during this time of year can be difficult to happen. We believe that pullbacks at this point in time should find support below though, so we like supportive candles on lower levels in order to serve buying. Him and

USD/CAD Forecast December 30, 2015, Technical Analysis

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