USD/CAD Forecast April 7, 2017, Technical Analysis

The US dollar initially tried to rally against the Canadian dollar on Thursday but with the oil markets rallying, that gave a bit of a boost to the Canadian dollar and we turned right back around and reach towards the 1.34 handle. Because of this, I believe that we may find buyers just below but with today being Nonfarm Payroll in the United States, expect a lot of volatility. I believe the pullbacks will probably be bought, but you may have to wait until a daily candle is formed to get that signal. - The company, employees, subsidiaries and associates, are not liable nor shall they be held liable jointly or severally for any loss or damage as a result of reliance on the information provided on this website. The data contained in this website is not necessarily provided in real-time nor is it necessarily accurate.

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