USD/CAD Forecast July 6, 2016, Technical Analysis

Daily Forex Reports | by FX Empire | Wednesday, 06 July 2016 05:52 UTC
The USD/CAD pair rose during the day on Tuesday, reaching towards the 1.30 level. Ultimately, this is a market that should continue to be very volatile, but on top of that highly influenced by the oil markets. If the oil markets continue to soften, this pair should continue to go higher. I believe it will eventually, but in the meantime I think that we are simply going to chop around current levels. With that, I believe that short-term pullbacks might be buying opportunities more than anything else in this particular currency pair.

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