USD/CAD Forecast July 5, 2016, Technical Analysis

Daily Forex Reports | by FX Empire | Tuesday, 05 July 2016 06:08 UTC
The USD/CAD pair fell during the day on Monday, and fairly light trading. After all, the Americans were celebrating Independence Day, which of course ways upon liquidity. The amount of money coming out of the United States into this pair on a daily basis accounts for a large percentage of the volume, so at this point in time I don’t read much into this chart. I do recognize though that we are certainly within the middle of the range overall, so I don’t really have any interest in trading this market in this area.

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