(MENAFN- Daily Forex) The US Dollar has rallied a bit against the Canadian dollar on Tuesday, as we continue to hear from Donald Trump that the tariffs are going to be levied on March 4.With this, the Canadian economy will certainly pay the price overall. The market recently has seen a bit of a rally in the Loonie, but at this point in time, there is no reason to be short of this market tariffs will be targeted, and therefore it will be interesting to see how this plays out. While there are a lot of Canadian and American intertwining in the economy, the reality is that the bulk of the Canadian economy is heavily reliant on the US will be like a financial bomb going on in Canada. Because of this, the trade is certainly skewed to one side. I have been very quiet in this market for a couple of weeks, but it looks like we are picking up yet again AnalysisThe technical analysis for this pair is positive over the long term, but at this point, we are also looking at the market going sideways, as we are trying to figure out where we are heading in the longer term. At this point, the market looks like it will eventually break to the upside and if you have been watching me at Daily Forex, I have been suggesting that this was only a matter of time. At this point, it looks like we are getting ready to make a move again. Top Forex Brokers 1 Get Started 74% of retail CFD accounts lose money Read Review BrokerGeoLists({ type: \u0027MobileTopBrokers\u0027, id: \u0027mobile-top-5\u0027, size: SidebarBrokerListAmount, getStartedText: \u0060Get Started\u0060, readReviewText: \u0060Read Review\u0060, Logo: \u0027broker_carrousel_i\u0027, Button: \u0027broker_carrousel_n\u0027, });This market could very well head toward the 1.45 level, which has been important more than once. This is a situation where I think you are looking at a \u0026ldquo;buy on the dips\u0026rdquo; scenario, as the market is now looking at the 1.42 for potential support. This is an area that I think will continue to be important, and I will be watching it signal: Buying the pair at 1.4320 level, with a stop at 1.42, target 1.45

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