USD/CAD Forecast February 3, 2014, Technical Analysis

The USD/CAD pair went back and forth during the session on Friday, ultimately printing a slightly negative candle. This just shows how much indecision there was in the market during this Friday session, but we still believe that overall this market is positive. We believe that the floors the 1.10 level, so therefore any pullback to that area should find support and invite buying. We still believe that this market has the 1.15 handle, and as a result we are buying dips going forward and are not interested in selling this market anytime soon.

 

USD/CAD Forecast February 3, 2014, Technical Analysis