USD/CAD Forecast October 10, 2016, Technical Analysis

Daily Forex Reports | by FX Empire | Saturday, 08 October 2016 07:08 UTC
The USD/CAD pair fell during the course of the session on Friday, but found enough support near the 1.32 level below to turn things back around. With this, it looks as if we are going to continue to go much higher, and pullbacks should be buying opportunities as the 1.32 level should be massively supportive. I have to believe that the 1.35 level above is the target longer-term. I believe that selling isn’t even a possibility at this point now that we have absolutely broken out after the nonfarm payroll numbers in America.

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.