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.
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.
