USD/CAD Forecast November 21, 2014, Technical Analysis

The USD/CAD pair initially tried to rally during the session here on Thursday, but fell back down and tested the 1.13 level. With that, it appears that the market should continue to find buyers just below, and as a result we are looking for some type of supportive candle in order to start going long. With that, we feel that the market will eventually bring in some type of value that we can take advantage of. The US dollar should continue to be the strongest currency out there, and that will continue going forward as far as we can see.