USD/CAD Forecast January 26, 2016, Technical Analysis

The USD/CAD pair initially tried to rally during the course of the day on Monday, as the markets are starting to show signs of continuing the longer-term uptrend. The 1.45 level above will be targeted, and as a result we are not only willing to buy this market, but willing to hang onto the trade until we get to that level. With no interest whatsoever in selling this market, as there is a massive amount of support just below at the 1.40 level. That only that, we believe that the support extends all the way down to 1.38 as well.