USD/CAD Forecast March 16, 2015, Technical Analysis

The USD/CAD pair broke higher during the course of the session on Friday, as we reached to fresh new highs. However, the market did run into a little bit of trouble at the end of the day. Ultimately though, we feel that this pair does in fact go higher, as it should test the 1.30 level based upon previous resistance. That area of course will be difficult to break above, but we think eventually we will be able to. Pullbacks continue to offer buying opportunities as well. We have no interest whatsoever in selling.