USD/CAD Forecast March 18, 2016, Technical Analysis

Daily Forex Reports | by FX Empire | Friday, 18 March 2016 06:02 UTC
The USD/CAD pair fell significantly during the course of the day on Thursday, and even broke below the 1.30 level at one point. Having said that, the market turned back around to bounce above that level, and with that being the case a break above the top of the hammer for the session would be reason enough to start going long. This would be especially true if oil markets fell again, and that’s essentially what we need to see in order to start buying this pair as it should continue to go towards the 1.34 handle.

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.