USD/CAD Forecast March 28, 2017, Technical Analysis

The USD/CAD pair initially fell during the day on Monday, but found enough support near the 1.33 level to turn things around and form a positive candle. A break above the top of the candle should send this market looking towards the 1.35 handle, and if oil continues to fall apart, that will be the catalyst. Given enough time, I believe that the buyers will return every time you pull back, so I am a buyer in general, and have no interest in selling as the 1.33 level underneath continues to be supportive.

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