USD/CAD Forecast September 10, 2015, Technical Analysis

Daily Forex Reports | by FX Empire | Thursday, 10 September 2015 05:52 UTC

The USD/CAD pair went back and forth during the day on Wednesday as the Bank of Canada had an interest rate announcement. However, we are most certainly in a decent uptrend, and we are only looking to buy this pair. Pullbacks and show signs of support should be buying opportunities, and we have no interest whatsoever in selling because of this. We believe that the 1.30 level below is support, and that should continue to be the case going forward. In fact, we feel that the support level runs all the way down to the 1.28 handle.



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