Sponsors

USD/CAD Forecast September 6, 2016, Technical Analysis

Daily Forex Reports | by FX Empire | Tuesday, 06 September 2016 06:10 UTC
The USD/CAD pair broke down during the course of the day on Monday, slamming into the 1.29 handle. By doing so, we ended up testing the support that one would expect there due to the action a couple of weeks ago, and now it appears that we are trying to break down below there. With the fact that this market has been rolling over, I believe that short-term rallies could be short-term selling opportunities at the first signs of exhaustion. This will be true as long as we can stay below the 1.30 level.

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.

Sponsors

Subscribe to Newsletter

To receive alerts by email when Free Forex Analysis are updated. Enter your email address below.