USD/CAD Forecast September 25, 2013, Technical Analysis

The USD/CAD pair fell initially during the session on Tuesday, but as you can see bounced enough to form a fairly supportive of green candle. The 1.03 level has offered enough support to produce this candle, and as a result we think that the market will more than likely continue higher. However, we think that the 1.04 level above will be rather resistive, so we are not looking for anything major to happen at this point. I break the highs, those of you who are little bit more adventurous could go long, but quite frankly we feel this market is probably best left alone at this point.



Written by FX Empire