USD/CAD Forecast March 15, 2013, Technical Analysis

The USD/CAD pair fell during the session on Thursday, as the US dollar fell against most currencies for the session. We have been waiting for a pullback in this pair, and it now looks like we could possibly get it. If that’s the case, we would love buying this pair closer to the 1.01 handle as it was a site of significant resistance previously. If we get down there and form any type of supportive candle, we believe that buying the ballots will be the way to go going forward. Alternately, if we managed to break down below that level, that would be a very bearish sign indeed.



Written by FX Empire