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USD/CAD Forecast November 6, 2015, Technical Analysis

Daily Forex Reports | by FX Empire | Friday, 06 November 2015 06:24 UTC

The USD/CAD pair went back and forth during the course of the day on Thursday, which of course makes a lot of sense as we have the Nonfarm Payroll number coming out of the United States as well as Employment Numbers coming out of Canada. With this, we would anticipate seeing quite a bit of volatility in this marketplace today. All things being equal though, we believe that this market will eventually go higher, even if we get a pullback during the session. We think there is more than enough support at the 1.30 level to keep this market afloat. On a break above the top of the range for Thursday, we are also buyers.

USD/CAD Forecast November 6, 2015, Technical Analysis

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