USD/CAD Forecast December 17, 2014, Technical Analysis

The USD/CAD pair went back and forth during the course of the session on Tuesday, but as you can see just looks like it’s settling down in this general vicinity. Even if we do fall from here, we believe that it is only going to be a buying opportunity and therefore this is a market that should continue to go higher. The 1.15 level below should be the “floor” in this pair, and as a result we continue to buy pullbacks going forward that show signs of support. We have no interest whatsoever in selling this pair.