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USD/CAD Forecast December 31, 2015, Technical Analysis

Daily Forex Reports | by FX Empire | Thursday, 31 December 2015 06:05 UTC

The USD/CAD pair initially tried to rally during the course of the session on Wednesday, but turned back around. That being the case, the market looks as if it is not quite ready to break above the 1.40 level, which is not a big surprise considering that we have a holiday coming. However, we think that pullbacks at this point in time should be a buying opportunity, and a supportive candle is reason enough to get involved again. Needless to say, if we can break above the resistance of the 1.40 level, we would be buyers there as well.

USD/CAD Forecast December 31, 2015, Technical Analysis

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