USD/CAD Forecast September 7, 2015, Technical Analysis

The USD/CAD pair initially fell during the course of the day on Friday, but found enough support near the 1.3150 level to turn things back around and form a nice hammer. The hammer matches the one that formed on Thursday, and as a result we feel that the market has plenty of buying pressure underneath and we will continue to buying short-term pullbacks. We have no interest in selling, because there is so much in the way of support all the way down to at least the 1.30 level, if not the 1.28 handle.