USD/CAD Forecast December 5, 2014, Technical Analysis

USD/CAD pair went back and forth during the session on Thursday, as we continue to meander just above the 1.13 region. The fact that both of these countries release employment numbers today suggests that we will have plenty of volatility, but a lot of traders will not be willing to step into this marketplace at a time as you never really know what’s going to happen. Ultimately though, we feel that the uptrend should continue, so pullback should be looked at as potential buying opportunities as the US dollar is without a doubt the strongest currency at the moment.