USD/CAD Forecast July 19, 2016, Technical Analysis

Daily Forex Reports | by FX Empire | Tuesday, 19 July 2016 07:18 UTC
The USD/CAD pair initially rallied during the course of the day on Monday, but found the area above the 1.30 level a bit too exhausted, and as a result we turn right back around to form a bit of a shooting star. However, I believe that we will eventually grind away higher. A move above the top of the shooting star would be a nice buying opportunity. If we can break above there, I feel that we will then make an attempt to get to the 1.3150 level. A break above the 1.32 level would signal that we’re going higher for a longer-term move.

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.