USD/CAD forecast for the week of June 6, 2016, Technical Analysis

The USD/CAD pair initially tried to rally during the course of the week, but turned back around to form a somewhat negative candle. This is more than likely going to continue to be a market that sees quite a bit of volatility, but having said that, it’s more than likely that oil markets will also have a huge part of plan this market. Ultimately, this market is probably one that is going to be difficult to trade off of long-term charts as there has been so much noise in the area we find ourselves.