USD/CAD Forecast December 26, 2016, Technical Analysis

The USD/CAD pair broke higher on Friday, slicing through the 1.35 level as Canadian GDP numbers came out softer than expected. I believe the pullbacks of this point will offer buying opportunities, as sooner or later we will break out to the upside. Once we do, I think the market will then reach towards the 1.40 level above. Pullbacks will more than likely find support near the 1.34 level, and then lower than that. I have no interest in selling, the US dollar is simply far too strong to start selling anytime soon.