USD/CAD Forecast July 29, 2016, Technical Analysis

The USD/CAD pair initially fell during the course of the day but turned right back around to favor the US dollar. With this, the market looks as if it is trying to bounce around and build up enough momentum to continue pushing this market towards the 1.35 handle above. Dips should continue to be buying opportunities, which of course is a good way to get involved in a market that is this volatile, which obviously has a fair amount of bullish pressure in it. With the crude oil markets fall in general, it’s likely that we continue higher.