The USD/CAD pair went back and forth during the course of the session on Friday, showing quite a bit of volatility but at the end of the day we really
The USD/CAD pair went back and forth during the course of the session on Friday, showing quite a bit of volatility but at the end of the day we really went nowhere. Because of this, we feel that the longer-term trend to the upside continues, and it’s only a matter of time before the buyers get involved again. We look at pullbacks as value, and a break above the top of the range as strength. Either way, we are only going to be buyers and as a result we are remaining very bullish over the longer term.
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.
