USD/CAD Forecast October 12, 2016, Technical Analysis

The USD/CAD pair broke higher during the course of the session on Tuesday, breaking above the 1.32 level again. Ultimately, I feel that this market is going to continue to trade to grind higher, and with that being the case of the pullbacks continue to offer value that you can take advantage of. I have no interest whatsoever in selling, and recognize that there are a lot of supportive areas just below that should continue to push this market back around and offer a buying opportunity. Ultimately, the market should then go to the 1.35 handle.

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