USD/CAD Forecast February 19, 2016, Technical Analysis

Daily Forex Reports | by FX Empire | Friday, 19 February 2016 07:35 UTC
The USD/CAD pair rose during the course of the day on Thursday, bouncing off of the 1.3650 region in order to show signs of life. This is a market that sooner or later we expect the buyers to return to, but quite frankly we may have a little bit more in the way of softness before we get the actual bounce. We would assume that the “floor” is somewhere closer to the 1.35 handle. Rallies at this point in time should continue to be choppy, but ultimately we believe that this pair will bounce significantly given enough time.



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.


Subscribe to Newsletter

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