The USD/CAD pair initially fell during the course of the session on Wednesday, but just as a bit on Tuesday, the buyers came back into the marketplace to
The USD/CAD pair initially fell during the course of the session on Wednesday, but just as a bit on Tuesday, the buyers came back into the marketplace to push this market higher. With this, we feel that the market does break out to the upside given enough time, and with the oil markets falling it makes perfect sense. We believe that this is a longer-term “buy on the dips” type of situation, so were doing just that. We are very bullish of this pair overall. We have no scenario in which we start selling this market now.
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.
