USD/CAD Forecast May 26, 2016, Technical Analysis

The USD/CAD pair fell slightly during the day on Wednesday, as it looks like we are trying to roll over. However, we should have quite a bit of support at the 1.30 level, and of course would be buyers of supportive action in that region. On the other hand, we could break above the top of the range for the session on Wednesday which would be a very bullish sign, and at that point in time would start buying. This market continues to chop around overall though, so keep in mind that you’re going to be very patient with any trade you taken this particular market.