USD/CAD Forecast September 19, 2016, Technical Analysis

The USD/CAD pair rose during the course of the session on Thursday, slicing through the 1.32 level. By doing so, we continue to test serious resistance and I think we are trying to break out to the upside. Pullbacks at this point in time should continue to be value, as I believe there is more than enough support below. On top of that, well markets look very soft at the moment and I think that could be another reason to think that this market continues to grind its way to the upside.