USD/CAD Forecast September 20, 2016, Technical Analysis

The USD/CAD pair initially fell during the course of the session, and then turn right back around to form a very positive candle. A hammer sitting at the 1.32 level shows that we are still trying to break out to the upside. Once we do, we would then reach towards the 1.35 level after that. A pullback at this point in time will more than likely find buyers, and as a result it’s likely that the market will eventually break out to the upside and as a result perhaps go higher enough to bring in even more buyers.