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USD/CAD Forecast January 19, 2015, Technical Analysis

Daily Forex Reports | by FX Empire | Tuesday, 19 January 2016 05:58 UTC

The USD/CAD pair had a fairly flat session during the day on Monday, testing the 1.45 level for support. This market is ultimately bullish in general as you can see, and therefore we approach the market from a “buy only” type of situation. We believe that the market will continue to go higher given enough time, but oil markets look as if they are trying to find support at the moment. With this, we could get a pullback that we are simply waiting for supportive candle in order to go long. On the other hand, if we break out to a fresh, new high, we are buyers as well.

USD/CAD Forecast January 19, 2015, Technical Analysis

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