USD/CAD Forecast May 26, 2015, Technical Analysis

The USD/CAD pair broke a little bit higher during the session here on Monday, but quite frankly we continue to see a lot of noise between here and the 1.24 level. If we can get above there, the market would then become very bullish. On the other hand though, if we find some type of resistant candle in this general vicinity, this would be a nice selling opportunity. The oil markets are at a tipping point in one direction or the other, and that of course will have quite a bit of influence on the Canadian dollar.