By FXEmpire.com
The USD/CAD pair failed to stay above the parity level yet again this previous week, and it looks as if the resistance is only getting stronger. With this kind of pressure, it is hard to believe that the market is going to be able to rise overall, and the oil markets look as if they are ready to back up this move. The breaking below 0.98 would signal another leg down, and at that point we are ready to hold onto the short position if we can clear it. Selling on a break of the week’s lows is our trigger.
USD/CAD Forecast for the Week of March 26, 2012, Technical Analysis
Originally posted here
