USD/CAD Forecast July 3, 2017, Technical Analysis

The US dollar initially fell during the Friday session, but you can see we are trying to fight to the upside. If we can break above the 1.30 level, that would be a bullish sign, and it would be even more bullish if we can break above the 1.3040 level. If that happens, the market should then go hunting the previous uptrend line and could send the market up a handle or 2. Alternately, if we break down below the bottom of the candle, that is a very negative sign and send this market into a longer-term moved to the downside.