USD/CAD Forecast June 14, 2016, Technical Analysis

The USD/CAD pair initially tried to rally during the course of the Monday session, but turned back around to form a bit of a shooting star. Ultimately, the market looks as if it is going to try to grind lower but there will be a lot of volatility due to the oil markets moving around so rapidly. If we can break above the top of the shooting star, that would be a very bullish sign and we would then more than likely reach towards the 1.30 level. We could get a break down, and that could give me selling, but only for the short-term.