USD/CAD Forecast September 9, 2016, Technical Analysis

The USD/CAD pair went back and forth during the course of the day on Thursday, forming a relatively neutral candle. This is a market that I think will continue to be very choppy, but we do have the employment numbers coming out of Canada the day that could move this market. With this being the case, I feel that it’s probably best to leave this market alone at the moment, and wait to see what the employment situation truly is. Once we get an impulsive move, it can be followed but I do recognize the 1.30 level above is massively resistive.

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