USD/CAD Forecast November 30, 2016, Technical Analysis

The USD/CAD pair rallied on Tuesday, but found a bit of resistance at the 1.35 level above. Because of this, the market looks likely to continue to chop around in general, as we are trying to build up momentum to continue to the upside. The 1.34 level below continues offer massive support, and thus we could go higher, and quite frankly I expected to. If oil rolls over, we should continue to see buyers and the market should reach towards the 1.40 level above. I have no interest in selling, and because of that I simply wait for supportive short-term candles or an explosive move higher.

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