USD/CAD Forecast March 25, 2014, Technical Analysis

The USD/CAD pair fell during the bulk of the session on Monday, but as you can see is still elevated from where we had been trading. With that in mind, we feel that supportive candles will be buying opportunities, and that this market will eventually head to the 1.15 level given enough time. We believe in selling this market is going to be almost impossible until we get below the 1.09 handle, something that does not look very likely at this moment. All things being equal, we are simply waiting for another opportunity to buy this pair.