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USD/CAD Forecast December 4, 2015, Technical Analysis

Daily Forex Reports | by FX Empire | Friday, 04 December 2015 05:50 UTC

The USD/CAD pair tried to rally during the course of the day on Thursday, but turned back around to give up about half of the gains. Ultimately though, the thing that we know about this particular pair today is that could be the center the Forex universe. We have Nonfarm Payroll numbers coming out of America, while we have Unemployment statistics coming out of Canada. Given enough time, we think that the market will have to make up a longer-term decision, and if we can get above the 1.35 level, we think is a “buy-and-hold” type of situation. On the other hand, if we break down we would be more than willing to start buying supportive candles.

USD/CAD Forecast December 4, 2015, Technical Analysis

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