The USD/CAD rose during the Friday session as more and more people get concerned about the fiscal talks in the United States. The resulting candle is
The USD/CAD rose during the Friday session as more and more people get concerned about the fiscal talks in the United States. The resulting candle is bullish, and we did manage close above the 0.9950 handle. This was a signal for us that we this market should continue up to the parity level and as a result a break of Friday’s highs should continue to see bullishness in this market as money head towards parity. As far as selling, we would not do so until we managed to close well below the 0.99 handle.
USD/CAD Forecast December 31, 2012, Technical Analysis
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.
