01 Sept 2016 - USD/CAD Weekly Forecast

FX:USDCAD   U.S. Dollar / Canadian Dollar
Price has reached my strong resist zone, a nice pull back down towards the support level should occur in the coming days.
Comment: As expected, Price retreated strongly after NFP news release.
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Comment: My previous Forecast for this pair:

USD/CAD - 26 July to 26 Aug. 2016

Comment: Price reached my support level and rebound

Comment: Here is the screen shot of the trade. after touching the support level.
Comment: Price drop to support level and started to see a possible rebound coming.
Comment: As expected, rebound from support level has push price back up to the resist zone one more time, be careful this time the zone could have been weaken.


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