USD/CAD Forecast September 7, 2016, Technical Analysis

Daily Forex Reports | by FX Empire | Wednesday, 07 September 2016 04:25 UTC
The USD/CAD pair continues to fall, as we see quite a bit of pressure on the us dollar in this pair. However, keep in mind that the Bank of Japan has an interest rate announcement coming out, and that of course will have quite a bit of influence on this market, and with that being the case we could see quite a bit of volatility. At this point though, it looks as if the 1.2750 level below should be slightly supportive. Ultimately, this is a pair that looks very likely to continue dropping in the short-term though.

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