USD/CAD Forecast June 1, 2016, Technical Analysis

The USD/CAD pair initially dipped lower during the day on Tuesday but found the 1.30 level supportive enough to turn things back around and challenge the top of the shooting star for the Monday session. Now that we are breaking above there, if we can continue the move higher, I believe that this market will continue to grind towards the 1.33 level. Dips at this point in time should be thought of as buying opportunities, as there is more than enough support at the 1.30 level, and of course extending all the way down to the 1.28 level.