USD/CAD Forecast June 26, 2015, Technical Analysis

The USD/CAD pair fell during the session on Thursday, as we continue to consolidate in general. Remember, the Canadian dollar is highly sensitive to the oil markets, and they are an absolute choppy mess at the moment. With that, it might take a significant move in one of the petroleum markets to move the Canadian dollar. Because of this, we are sitting on the sidelines and waiting for some type of significant candle or move in order to get involved. We will keep you apprised of our impressions in this pair, but at the moment have no interest in trading it.

 

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