The USD/CAD pair tried to rally during the course of the session on Friday but turned back around to form a massive shooting star. The shooting star of
The USD/CAD pair tried to rally during the course of the session on Friday but turned back around to form a massive shooting star. The shooting star of course suggests that the market is going to continue to drop from here but with that being the case we only look for supportive action below. After all, the 1.30 level is the beginning of significant support that should elevate this market given enough time. We believe and waiting for supportive candles below in order to start going long, or buying a break out to a fresh, new high.
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.
