USD/CAD Forecast March 26, 2015, Technical Analysis

The USD/CAD pair rose slightly during the session on Wednesday, as the 1.25 level offered a bit of support. If we can break above the top of the hammer from the Tuesday session, we would be buyers as the market should then go to the 1.28 handle given enough time. If we can break above there, we will more than likely head to the 1.30 level as it is a major resistance barrier and will act as a bit of a magnet for price. Ultimately, we have no interest in selling at this point in time.