USD/CAD Forecast September 3, 2015, Technical Analysis

The USD/CAD pair rose during the course of the session on Wednesday, testing the highs yet again. By doing so, we did pullback a little bit to form something akin to a shooting star, but this market needs to pull back even farther in order to find support. We would be buyers on supportive candles below as the uptrend has been so strong. We also recognize that the oil markets are bit soft, and although they look like they may be trying to change trends, the Canadian economy is struggling as well. Ultimately, we believe that pullbacks are buying opportunities.