USD/CAD Forecast September 2, 2016, Technical Analysis

The USD/CAD pair initially tried to rally during the course of the day on Thursday, but turn right back around to form a shooting star yet again. We had done the same thing on Wednesday, so looks like we could very well pullback from here. I believe that the 1.30 level below should be supportive though, so expect a very volatile and choppy session due to the fact that it’s the jobs number as well. On the other hand, if we can break above the top of the couple of shooting stars, this is a market that should continue to go higher.

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