Sponsors

USD/CAD Forecast January 15, 2016, Technical Analysis

Daily Forex Reports | by FX Empire | Friday, 15 January 2016 06:09 UTC

The USD/CAD pair went back and forth during the course of the day on Thursday, as we slowed down and what has been a very strong uptrend. At this point, we think this pair could pull back, but that would be an excellent buying opportunity as far as we can see, as the trend has been so strong and of course the oil markets have been working so feverishly against the value the Canadian dollar in general. That being the case, the market should continue to favor buying on dips, and we believe that the 1.40 level below should be a bit of a floor.

USD/CAD Forecast January 15, 2016, Technical Analysis

Recommended Forex Trading Platforms

Forex Trading We know that the right opportunity can happen at anytime, anywhere. Saxo Capital Markets is committed to giving you a suite of platforms that will enable you to access your account and trade the markets whenever and wherever you want.

Sponsors

Subscribe to Newsletter

To receive alerts by email when Free Forex Analysis are updated. Enter your email address below.