USD/CAD Forecast February 26, 2016, Technical Analysis

The USD/CAD pair fell rather significantly during the course of the day on Thursday, breaking all the way down towards the 1.35 handle. This is an area where we would anticipate a bit of support to focus. Having said that, we are waiting to see whether or not that happens, and would be buyers of supportive candles in that region. On the other hand, if we break down below the 1.35 level, we would more than likely reach towards the 1.33 handle. Ultimately, oil will continue to drive this market back and forth.