USD/CAD Forecast March 3, 2016, Technical Analysis

The USD/CAD pair initially rallied during the course of the session on Wednesday, testing the 1.35 level. Having said that, the market turned back around to form a shooting star, and with that being the case it looks as if the market is ready to continue going lower, and with that being the case we feel that the market is probably going to reach towards the 1.33 level. On the other hand though, if we can break above the 1.36 level, that’s reason enough to start buying as it would show a significant amount of bullish pressure all of a sudden.