Sponsors

USD/CAD Forecast June 21, 2016, Technical Analysis

Daily Forex Reports | by FX Empire | Tuesday, 21 June 2016 06:27 UTC
The USD/CAD pair gapped lower at the open on Monday, and drifted a little bit lower. Ultimately, this is a market that should continue to fall towards the 1.2650 level next, and then perhaps even lower. Remember that oil markets have a massive influence on the Canadian dollar, so having said that the market will be volatile and at the mercy of the petroleum industry, but at this point in time it does look like we are going to drift lower for the short-term at the very least. Longer-term, it’s much more of a mixed picture.

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.