USD/CAD Forecast November 11, 2014, Technical Analysis

The USD/CAD pair bounced off the 1.13 level during the session on Monday, as the market went higher. That being the case, the market seems as if it’s ready to go much higher and we do recognize that the oil markets look soft enough to continue punishing Canadian dollar. That being the case, the market should continue to go higher and we recognize that the market should head to the 1.15 level. Pullbacks at this point time should be buying opportunities, as the US dollar is more than likely going to continue strengthening overall.