USD/CAD Forecast September 26, 2016, Technical Analysis

The bestseller rallied against the Canadian dollar during the day on Friday, breaking above the top of the hammer from the Thursday session. By doing so, we started to reach towards the 1.32 level above, which I believe is a significant barrier. Once we get above there, or maybe more specifically the 1.3225 level, I feel that this market would then try to reach towards the next logical resistance barrier at the 1.35 handle. Pullbacks should continue to offer buying opportunities again and again. I have no interest in selling this market at this point in time.

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