USD/CAD Forecast March 16, 2016, Technical Analysis

The USD/CAD pair rose during the course of the session on Tuesday, as oil markets fell. It looks as the market is trying to reach towards the 1.35 handle, which is a massive resistance barrier. If we can get above there, the market should go higher at that point in time it would be a very bullish move as we have recently bounced off of an up trending line. Because of this, we are bullish but we recognize that the market has a couple of barriers that has get above in order to start going long.