USD/CAD Forecast August 12, 2013, Technical Analysis

The USD/CAD pair fell during the session on Friday, but as you can see we are still in the middle of a bunch of support. This pair will be choppy, and quite frankly we would not be surprised to see a move higher from here. That being the case, and the fact that this market is so heavily influenced by oil, which of course is being heavily influenced by the Federal Reserve, we do not like this pair right now in either direction as it is simply far too busy for us to be bothered with.



Written by FX Empire