The US dollar rallied against the Canadian dollar during the session on Friday, breaking above the 1.35 handle again. Ultimately, I believe that this
The US dollar rallied against the Canadian dollar during the session on Friday, breaking above the 1.35 handle again. Ultimately, I believe that this market does go higher but it is probably going to be volatile. It will need some help from the oil markets, and other words oil needs to fall but it appears that may very well be happening as I make this report. Because of this, I remain bullish and I believe the pullbacks will end up being opportunities to go long. A break above the 1.36 level has is more of a “buy-and-hold” type of marketplace.
Chris is a proprietary trader with more than 20 years of experience across various markets, including currencies, indices and commodities. As a senior analyst at FXEmpire since the website’s early days, he offers readers advanced market perspectives to navigate today’s financial landscape with confidence.
