USD/CAD Forecast July 17, 2013, Technical Analysis

The USD/CAD pair fell during the session on Tuesday, slicing through the 1.04 handle again. That suggests to us that we are simply going to consolidate in this general vicinity for the short term, and as a result we are flat of this market. However, we do believe that eventually there will be a significant move, and now it comes down to whether or not we can break the highs of the session for Tuesday to start buying, or break the lows of the Thursday candle from last week in order to start selling. Between here and there, there isn’t much to do.



Written by FX Empire