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USD/CAD forecast for the week of July 4, 2016, Technical Analysis
Published: Jul 2, 2016, 05:47 GMT+00:00
The USD/CAD pair fell slightly during the course of the week, but we continue to bounce around the 1.30 level in general. Ultimately, think there is a
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The USD/CAD pair fell slightly during the course of the week, but we continue to bounce around the 1.30 level in general. Ultimately, think there is a little bit of support just below, but at this point in time I find it difficult to trade this market from the longer-term perspective, as it is a fairly tight range. With this, I will be trading this pair although the short-term chart, suggesting that we are going to go back and forth and as a result will stick to small moves.
About the Author
Christopher LewisSenior Analyst
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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