USD/CAD Forecast August 28, 2015, Technical Analysis

The USD/CAD pair fell during the course of the session on Thursday, dropping below the 1.32 level. However, the market has more than enough support just below in order to continue to make the market go higher. However, the market looks as if it’s ready to pull back a little bit in order to find momentum building buyers. With this, we are bullish but we need to see some type of short-term rally in order to start buying again. At that point in time, we feel eventually this market will reach towards the 1.35 handle.