USD/CAD Forecast March 4, 2014, Technical Analysis

The USD/CAD pair went back and forth during the session on Monday, essentially settling nothing. We believe that this pair is essentially comfortable in this range, and as a result we do not expect much in the way of movement. We have a longer-term bias to the upside, so any type of supportive candle could be bought, but just be aware the fact that it may take a while for this market to get moving. However, this pair typically moves quite rapidly once it makes that decision, and as a result it takes a lot of patience.