USD/CAD Forecast October 14, 2015, Technical Analysis

The USD/CAD pair fell initially during the course of the session on Tuesday, but found enough support below the 1.30 level to bounce slightly towards the end of the day. Ultimately, the market should find enough support to bounce higher given enough time, and as a result we are looking for supportive candles in order to start buying. This point in time, we feel there is a massive support level all the way down to the 1.28 handle, keeping us from shorting this market. Ultimately, we feel this market will probably try to get to the 1.33 handle.