The USD/CAD pair broke down during the course of the session on Wednesday, but found enough support near the 1.30 level below to turn things back around and form a massive hammer. Because of this, it looks as if the US dollar will continue to find buyers going forward, but it is going to be fairly choppy market. Expect quite a bit of resistance of the 1.32 level though, but I do think that we will break above it yet again. At that point, the market looks like it would try to reach the 1.33 handle ultimately.
![USD/CAD Forecast October 20, 2016, Technical Analysis](http://c86cb244b7aa82d722df-bc886d861d799bf6b58e79429d5ca9ac.r8.cf2.rackcdn.com/www.fxempire.com/wp-content/uploads/2016/10/usdcad-13.jpg)