USD/CAD Forecast March 14, 2017, Technical Analysis

The USD/CAD pair gap lower at the open on Monday, but turned around to fill that gap immediately. We then found enough resistance to turn around and form a shooting star so I think a pullback is coming. That makes quite a bit of sense, we are overextended currently, but I would anticipate that the buyers are going to come back into the market sooner rather than later. The 1.33 level underneath should be the massive support that I think will turn this market around, but I also see the potential for 1.34 to be supportive as well. Eventually, anticipate that this market will break above the 1.35 level and reach towards 1.36. - The company, employees, subsidiaries and associates, are not liable nor shall they be held liable jointly or severally for any loss or damage as a result of reliance on the information provided on this website. The data contained in this website is not necessarily provided in real-time nor is it necessarily accurate.

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