USD/CAD Forecast September 28, 2016, Technical Analysis

The USD/CAD pair went back and forth during the course of the session on Tuesday, bouncing around the 1.32 level. Now that we have broken above to a fresh, new high at one point during the session, I believe it’s only a matter of time before the buyers get involved and we push much higher. A break above the top of the range for the session on Tuesday is more than reason enough for me to start buying. I have notched in selling at the moment, especially with oil looking very likely to roll over fairly soon.