USD/CAD forecast for the week of March 27, 2017, Technical Analysis
The USD/CAD pair fell during the week, but then turned around to form a hammer. I think we are trying to build up enough momentum to finally break above the 1.35 handle, and of course the petroleum markets will have quite a bit of influence on this market. Once we
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The USD/CAD pair fell during the week, but then turned around to form a hammer. I think we are trying to build up enough momentum to finally break above the 1.35 handle, and of course the petroleum markets will have quite a bit of influence on this market. Once we finally get to the 1.36 level and clear it to the upside, I believe that the US dollar will have plenty of strength to continue going much higher. Ultimately, I have no interest in selling currently as the oil markets have so much bearish pressure.
USD/CAD Video 27.3.17
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