Sponsors

USD/CAD Forecast April 15, 2016, Technical Analysis

Daily Forex Reports | by FX Empire | Friday, 15 April 2016 08:53 UTC
The USD/CAD pair went back and forth during the course of the session on Thursday, as we continue to see quite a bit of volatility in this region. This is probably due to the fact that we have the oil production meeting in Qatar over the weekend, and of course the Canadian dollar is a proxy for oil pricing. It looks as if we are going to try to bouncer here, and if we do the 1.30 level above will be massively resistive. If we break above there, the market could go much higher. On the other hand, if we end up forming a resistive or exhaustive candle, we could start selling off.

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.

Sponsors

Subscribe to Newsletter

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