USD/CAD Forecast March 21, 2017, Technical Analysis

The USD/CAD pair fell slightly during the day on Monday, testing the 1.33 level IV support. We turn around and form of supportive looking candle, reaching towards the 1.3350 handle. I think on a break above the top of the range from the Friday session, the market is free to go to the 1.35 handle, and with the way oil is selling off, I fully expect that to happen. With this, I continue to buy pullbacks, and have no interest whatsoever in selling this market as oil look so fragile currently, and should continue to weigh upon the Canadian dollar.

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