USD/CAD Forecast August 14, 2015, Technical Analysis

The USD/CAD pair bounced enough during the course of the session on Thursday to prove the 1.30 level supportive. We believe that there is support extending all the way down to the 1.28 handle anyways, so at this point in time the only thing that we are going as buying. If we get a pullback that shows any type of support, we will start buying. We also believe that if we can break above the 1.3225 level, the market will continue to grind its way much higher and we would be buyers up there as well.