USD/CAD Forecast October 21, 2016, Technical Analysis

The USD/CAD pair broke higher during the course of the session on Thursday, clearing the 1.32 level at one point. Any pullback at this point in time should continue to find plenty of support below, as we have broken above the past couple of highs on the daily charts, which should send this market towards the 1.33 level given enough time. I have no interest in selling this market, and believe that the US dollar will continue to strengthen overall, including against the Canadian dollar. Selling isn’t even a thought until we get down below the 1.30 level below.

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