USD/CAD Forecast July 8, 2016, Technical Analysis

Daily Forex Reports | by FX Empire | Friday, 08 July 2016 06:53 UTC
The USD/CAD pair initially fell during the day on Thursday but turned right back around and form a massive hammer. As we press the 1.30 level I cannot help but notice that this is the place to be as far as Forex is concerned today. After all, we get the jobs number coming out of the United States, as well as the Canadian employment numbers. Simply put, if we can get a strong number in one market and a soft one in the other, this could lead the direction of the market going ahead.

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