USD/CAD Forecast February 26, 2016, Technical Analysis

Daily Forex Reports | by FX Empire | Friday, 26 February 2016 06:27 UTC
The USD/CAD pair fell rather significantly during the course of the day on Thursday, breaking all the way down towards the 1.35 handle. This is an area where we would anticipate a bit of support to focus. Having said that, we are waiting to see whether or not that happens, and would be buyers of supportive candles in that region. On the other hand, if we break down below the 1.35 level, we would more than likely reach towards the 1.33 handle. Ultimately, oil will continue to drive this market back and forth.



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.