USD/CAD Forecast June 14, 2016, Technical Analysis

Daily Forex Reports | by FX Empire | Tuesday, 14 June 2016 09:39 UTC
The USD/CAD pair initially tried to rally during the course of the Monday session, but turned back around to form a bit of a shooting star. Ultimately, the market looks as if it is going to try to grind lower but there will be a lot of volatility due to the oil markets moving around so rapidly. If we can break above the top of the shooting star, that would be a very bullish sign and we would then more than likely reach towards the 1.30 level. We could get a break down, and that could give me selling, but only for the short-term.

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.