USD/CAD Forecast July 10, 2013, Technical Analysis

The USD/CAD pair fell during the session on Tuesday, pulling back to the 1.05 handle roughly. This continues to grind higher, but we have seen over the last couple of weeks. This market still looks a bit on the bullish sign as far as we’re concerned, but oil rising overall is starting to have an effect on the bullishness of this pair. Nonetheless, we still believe that higher prices are in order and we are looking for some type of supportive candle in order to start buying this market again. As for selling, we will not do it until we get below the 1.03 handle.



Written by FX Empire