USD/CAD Forecast March 6, 2017, Technical Analysis

The USD/CAD pair continues to show bullish pressure, as the market rallied on Friday. We are starting to get a little bit overextended, so I would not be surprised at all to see a pull back. Pullbacks should offer a buying opportunity though, and a potential opportunity to pick up value. I believe that the market will then reach towards the 1.35 handle, which should be a nice opportunity to take advantage of potential weakness in the oil markets. The 1.35 level being broken to the upside would be a very bullish sign. Currently, I don’t have any interest in selling.