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USD/CAD Forecast January 18, 2016, Technical Analysis

Daily Forex Reports | by FX Empire | Sunday, 17 January 2016 06:00 UTC

The USD/CAD pair broke higher during the course of the day on Friday, finally clearing the 1.45 handle. This was a target for some time, and as a result we are now above that and it should continue to go much higher. Pullbacks should be buying opportunities, as the market is most certainly bullish and has quite a bit of bullish pressure below as the US dollar continues to strengthen in general, and the oil markets or falling apart which of course works against the value of the Canadian dollar as well. We believe this market goes much higher.

USD/CAD Forecast January 18, 2016, Technical Analysis

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