usd cad forex weekly technical analysis 16 to 20 may 2016 Usd cad forex pair this week closed flat positive at 1.2935. After last week’s strong dollar recovery, we saw some follow up buying as well as higher levels up to 1.30. For next week, dollar loonie pair outlook remain bullish and above 1.3050 expect strong short covering rally for tgt 1.3260 and then 1.37. On downside usd/cad support zones are 1.28 and 1.2550. Monthly chart sis strong bullish and with fresh reversal signal for fresh high above 1.48 in longer terms.