The USD/CAD pair went back and forth during the course of the session on Tuesday, bouncing around the 1.32 level. Now that we have broken above to a
The USD/CAD pair went back and forth during the course of the session on Tuesday, bouncing around the 1.32 level. Now that we have broken above to a fresh, new high at one point during the session, I believe it’s only a matter of time before the buyers get involved and we push much higher. A break above the top of the range for the session on Tuesday is more than reason enough for me to start buying. I have notched in selling at the moment, especially with oil looking very likely to roll over fairly soon.
Being FXEmpire’s analyst since the early days of the website, Chris has over 20 years of experience across various markets and assets – currencies, indices, and commodities. He is a proprietary trader as well trading institutional accounts.
