USD/CAD Forecast April 24, 2017, Technical Analysis

The US dollar rallied against the Canadian dollar during the session on Friday, breaking above the 1.35 handle again. Ultimately, I believe that this market does go higher but it is probably going to be volatile. It will need some help from the oil markets, and other words oil needs to fall but it appears that may very well be happening as I make this report. Because of this, I remain bullish and I believe the pullbacks will end up being opportunities to go long. A break above the 1.36 level has is more of a “buy-and-hold” type of marketplace.

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