USD/CAD Forecast March 25, 2016, Technical Analysis

Daily Forex Reports | by FX Empire | Friday, 25 March 2016 06:00 UTC
The USD/CAD pair initially tried to rally during the day on Thursday, but turn right back around to form a shooting star. That being the case, the market looks as if it could very well pullback from here. However, a supportive candle below would be reason enough to start buying. We will simply have to see what happens with the oil markets, and if they drop from here this pair should continue to go higher. The uptrend line below should continue to support this market, so it’s very likely that buyers should come back into the market and push this pair higher. On entering, we break above the top of the shooting star, it’s likely that this market should go higher.

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