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USD/CAD Forecast January 5, 2016, Technical Analysis

Daily Forex Reports | by FX Empire | Tuesday, 05 January 2016 06:15 UTC

The USD/CAD pair broke higher during the course of the session on Monday, testing the 1.40 level yet again. This is an area that offers more than enough resistance to keep the market at bay though, so having said that we are hesitating as far as buying is concerned until we get above the 1.40 level. Pullbacks at this point in time should be buying opportunities though, and as a result we believe that selling isn’t even a possibility going forward as the market certainly has made up its mind as to which direction it’s going.

USD/CAD Forecast January 5, 2016, Technical Analysis

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