USD/CAD Forecast February 27, 2017, Technical Analysis

The USD/CAD pair fell during the day on Friday, but turned around to form a hammer. Having said that, the weekly candle is a shooting star, so I think were to continue to see quite a bit of choppiness. Ultimately, I believe that we break above the top of this hammer but you have to keep in mind that the oil markets continue to look a bit confused, so having said that I think that this pair continues to be very choppy and difficult to deal with, as we continue to search for answers.