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USD/CAD Forecast January 11, 2016, Technical Analysis

Daily Forex Reports | by FX Empire | Saturday, 09 January 2016 05:57 UTC

The USD/CAD pair rose during the course of the day on Friday, as we continue to see quite a bit of strength. In fact, we have a shooting star from the Thursday session, and that been broken to the upside would be a nice buying opportunity as it would show a massive increase in bullish pressure. On the other hand, if we pullback, there should be quite a bit of support at the 1.40 level. Given that case, we believe that buying dips in buying moves higher will be the only way to trade this particular market.

 

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