USD/CAD Forecast March 30, 2016, Technical Analysis

The USD/CAD pair fell during the course of the session on Tuesday, as we race back down to the 1.3 level below. There is an uptrend line just below, as it has kept this market afloat in a significantly strong uptrend. Yes, we have pullback quite a bit here recently, but at this point in time we also have to pay attention to the oil markets. The oil markets look as if they are ready to pull back, and if that’s the case it’s likely that the USD/CAD pair could bounce from here and continue to go higher.