USD/CAD Forecast April 14, 2015, Technical Analysis

The USD/CAD pair fell slightly during the session on Monday, as we continue to bounce around in the overall consolidation area. We believe that this market will probably pull back slightly during the session today, as it looks like the US dollar is going to have a soft trading day. However, we believe this will more than likely just offer a buying opportunity at lower levels, so therefore we are going to simply wait for supportive candle. Ultimately though, this is not a currency pair that we expect much in the way of big moves from anytime soon.