USD/CAD Forecast April 20, 2016, Technical Analysis

Daily Forex Reports | by FX Empire | Wednesday, 20 April 2016 06:31 UTC
The USD/CAD pair fell during the course of the session on Tuesday, as we are now well below the 1.28 handle. That being the case, the market should then go down to the 1.25 handle. Ultimately, it looks as if the market should continue to face bearish pressure, and short-term rallies should be selling opportunities going forward. At this point in time, we believe that the market will continue to go lower mainly because of the oil markets showing signs of strength, and of course the US dollar falling in general against most currencies.

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