USD/CAD Forecast October 2, 2015, Technical Analysis

Daily Forex Reports | by FX Empire | Friday, 02 October 2015 05:12 UTC

The USD/CAD pair initially fell during the course of the session on Thursday, but found enough buying pressure near the 1.32 level to turn things back around and form a hammer. That being the case, the market looks as if it is ready to bounce and head back towards the highs again, and since we are in a long-term uptrend, we believe that buying makes a lot of sense. Even if we fall from here, we have enough support below in order to turn this market back around, and as a result we have no interest in selling at all.



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