USD/CAD Forecast September 15, 2016, Technical Analysis

Daily Forex Reports | by FX Empire | Thursday, 15 September 2016 06:15 UTC
The USD/CAD pair went back and forth during the course of the day on Wednesday, as we turned right back around to form a slightly positive candle. However, I think the 1.32 level of course is resistive as we have seen resistance previously. Pullbacks at this point in time should be buying opportunities though, and as a result I am only buying this pair. I have no interest in selling quite yet, as we have seen such a massive impulsive candle to the upside on Tuesday. Eventually, I think we will break above the 1.32 level and then perhaps reach towards the 1.35 handle.

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