USD/CAD Forecast September 1, 2016, Technical Analysis

Daily Forex Reports | by FX Empire | Thursday, 01 September 2016 06:21 UTC
The US dollar rose against the Canadian dollar during the day on Wednesday, as the Crude Oil Inventories number came out much more bearish than anticipated. With that being the case, it’s likely that the Canadian dollar will continue to suffer, especially if the jobs number is good on Friday. Having said that, I believe that we are going to try to reach towards the 1.32 level given enough time, but it might be a bumpy ride between now and the announcement the comes out Friday early morning in the United States.

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.