The USD/CAD pair fell during the day on Friday, but turned around to form a hammer. Having said that, the weekly candle is a shooting star, so I think
The USD/CAD pair fell during the day on Friday, but turned around to form a hammer. Having said that, the weekly candle is a shooting star, so I think were to continue to see quite a bit of choppiness. Ultimately, I believe that we break above the top of this hammer but you have to keep in mind that the oil markets continue to look a bit confused, so having said that I think that this pair continues to be very choppy and difficult to deal with, as we continue to search for answers.
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.
