USD/CAD Forecast May 25, 2016, Technical Analysis

The USD/CAD pair went back and forth during the course of the day on Tuesday, as we continue to see quite a bit of volatility. We have an interest rate decision coming out of the Bank of Canada today, so that will of course have a massive effect on the CAD. At this point, as long as we can stay above the 1.30 level, I am a buyer of this pair on supportive candles. On entering, if we break above the 1.32 level, we would be buyers at that point in time as well.

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