USD/CAD Forecast September 14, 2016, Technical Analysis

Daily Forex Reports | by FX Empire | Wednesday, 14 September 2016 05:55 UTC
The USD/CAD pair broke much higher during the course of the day on Tuesday, breaking well above the top of the shooting star from the Monday session. By doing so, it shows that the USD/CAD pair should continue to go higher. I do recognize that there is a lot of resistance above though, so having said that it’s more than likely going to be a difficult move higher, but given enough time I do think that the buyers when now. This will be especially true if the crude oil inventory numbers coming out of America are poor.

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