USD/CAD Forecast June 1, 2016, Technical Analysis

Daily Forex Reports | by FX Empire | Wednesday, 01 June 2016 08:13 UTC
The USD/CAD pair initially dipped lower during the day on Tuesday but found the 1.30 level supportive enough to turn things back around and challenge the top of the shooting star for the Monday session. Now that we are breaking above there, if we can continue the move higher, I believe that this market will continue to grind towards the 1.33 level. Dips at this point in time should be thought of as buying opportunities, as there is more than enough support at the 1.30 level, and of course extending all the way down to the 1.28 level.

Recommended Forex Trading Platforms

Forex Trading We know that the right opportunity can happen at anytime, anywhere. Saxo Capital Markets is committed to giving you a suite of platforms that will enable you to access your account and trade the markets whenever and wherever you want.


Subscribe to Newsletter

To receive alerts by email when Free Forex Analysis are updated. Enter your email address below.