USD/CAD Forecast December 7, 2016, Technical Analysis

The US dollar went back and forth during the day on Tuesday, showing signs of support below. The 1.32 level is massively supportive, so we can break above the top of the candle for the session on Tuesday, we should continue to go higher, perhaps reaching towards the 1.35 level above. I believe that the market will continue to go higher if the oil markets can roll over, which of course has the Crude Oil Inventories number coming out. Ultimately, I have no interest in selling this market as I see so much in the way of support and noise underneath.

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