USD/CAD Forecast November 9, 2016, Technical Analysis

The US dollar initially tried to rally during the course of the session on Tuesday, but found enough resistance to turn things back around. At this point, we have been very bullish, and I think that it’s only a matter of time before the buyers come back to push again and again. Pay attention to the oil markets, if they start falling again, that should send this market much higher. At this point though, I feel that we are simply continuing the upward channel that we have been in since early August.