USD/CAD Forecast November 26, 2014, Technical Analysis

The USD/CAD pair tried to break above the 1.13 level during the session on Tuesday, but ended up falling. That being the case, we ended up forming a negative candle but we believe that the market is simply trying to build up enough momentum to go higher, as the uptrend is still very much intact. We need to see a break above the top of the range for both Monday and Tuesday in order to start buying, and at that point time we believe that the market will then make its way towards the 1.15 handle given enough time.