USD Boosting for several weeks versus CAD
4/6/2017 9:51:27 AM
According to Forex market, the USD/CAD pair traded for the 4th successive session and pulled back closer to several week tops, near mid-1.3405s.
A follow through buying interest above 1.3453 level is probable to speed up the up-move towards 1.3477 horizontal persistence before the pair goals towards regaining the 1.3503 important psychological mark and head towards testing 2 month highs persistence near 1.3537 level.
On the downside, retracement below 1.3433 immediate support might keep on finding some buying interest near the 1.3405 handle, below which the pair is probable to fall towards 1.3383 strong horizontal support.
FOREX market analysis by FxErvin.