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USD/CAD forecast for the week of April 4, 2016, Technical Analysis
Published: Apr 2, 2016, 05:10 GMT+00:00
The USD/CAD pair broke down during the course of the week, breaking down below the 1.30 level. However, the market looks as if we are finding enough
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The USD/CAD pair broke down during the course of the week, breaking down below the 1.30 level. However, the market looks as if we are finding enough support between the uptrend line and the 1.30 level that a break above the top of the candle for the week would be a very bullish sign. It appears that we are trying to make some type of major decision now, so at this point it’s probably best to simply sit on the sidelines and wait to see which way we break.
About the Author
Christopher Lewisauthor
Chris is a proprietary trader with more than 20 years of experience across various markets, including currencies, indices and commodities. As a senior analyst at FXEmpire since the website’s early days, he offers readers advanced market perspectives to navigate today’s financial landscape with confidence.
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