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. - 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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