USD/CAD Forecast November 2, 2015, Technical Analysis

Daily Forex Reports | by FX Empire | Saturday, 31 October 2015 06:37 UTC

The USD/CAD pair initially tried to rally during the course of the session on Friday, but turned back around to form a fairly negative candle. Because of this, there is a significant downward pressure on this market, but we also recognize that there is a lot of noise of the 1.30 level. We believe that there is more than enough support down here to keep the market afloat, so if we get a supportive candle in this area, we are willing to start buying this market as this it makes sense that the buyers would enter at this level yet again.



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