USD/CAD Forecast September 30, 2013, Technical Analysis

The USD/CAD pair attempted to rally during the session on Friday, but as you can see failed and formed a shooting star. The shooting star is indicative of a market that’s confused considering that we had formed a couple of hammers before that. Going forward, we fully expect this market to be tight and indecisive, and as a result we are simply ignoring this market at the moment although we do recognize the fact that short-term traders may be able to take advantage of very small ranges with a lot of volatility in this general vicinity.



Written by FX Empire