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USD/CAD Forecast January 25, 2016, Technical Analysis

Daily Forex Reports | by FX Empire | Saturday, 23 January 2016 05:53 UTC

The USD/JPY pair fell significantly during the course of the session on Friday, as we continue to see bearishness in this market. However, the longer-term trend is most certainly positive, and even though oil markets have rallied, they are still very much a negative. With that being the case, we believe it’s only matter time before the buyers return, and will start buying at the first signs of support, especially if it somewhere near the 1.40 handle. We believe that in the longer-term uptrend in general, and therefore have no interest whatsoever in selling.

USD/CAD Forecast January 25, 2016, Technical Analysis

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