USD/CAD Forecast March 18, 2015, Technical Analysis

The USD/CAD pair fell during the session on Tuesday, but found enough support below to turn things back around and form a hammer. This is the second hammer in a row, so we do believe that the buyers are getting ready to pushes market higher. If we can get above the 1.28 level, we are buyers and believe that this market should then go to the 1.30 level. Even if we fall from here, we believe that there is plenty of support all the way down to the 1.24 level in order to continue buying.