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USD/CAD Forecast October 1, 2015, Technical Analysis

Daily Forex Reports | by FX Empire | Thursday, 01 October 2015 05:46 UTC

The USD/CAD pair went back and forth during the course of the day on Wednesday, as we simply went sideways overall. Quite frankly, this is a pair that has a nice bullish under tone to it, and as a result we are buyers only. We believe that pullbacks should be those buying opportunities, and we will use them as such. The jobs number coming out during the session on Friday will of course offer quite a bit of volatility in this particular pair, but at this point in time we think that there is massive amounts of support and as a result pullbacks offer value.

 

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