USD/CAD Forecast July 7, 2016, Technical Analysis

Daily Forex Reports | by FX Empire | Thursday, 07 July 2016 06:32 UTC
The USD/CAD pair went back and forth during the course of the session on Wednesday, as we continue to see the market attracted to the 1.30 level. Ultimately, the market should continue to try to go higher, but the 1.31 level could be resistive as well. If we can break above there, market should continue to go much higher. Pullbacks at this point in time should more than likely be supported as we have seen an impulsive move higher over the last session or so. Anyway, the one thing that I think you can count on in this market as volatility.

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