USD/CAD Forecast September 30, 2016, Technical Analysis

Daily Forex Reports | by FX Empire | Friday, 30 September 2016 07:18 UTC
After a major negative candle during the session on Wednesday, the USD/CAD pair bounced a bit as oil markets calmed down. Ultimately, oil markets are reacting to the possible OPEC output cut, and as a result there should be a stronger demand input. However, when I look at this chart I recognize that the lows are still getting higher, and if we can continue to raise the value from here, I think the market will then reach towards the 1.32 handle. With this, a am still bullish, but I recognize that it’s going to be very choppy.

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.