The USD/CAD pair broke higher during the course of the week, clearing the top of the shooting star from the previous week. Ultimately, we believe that
The USD/CAD pair broke higher during the course of the week, clearing the top of the shooting star from the previous week. Ultimately, we believe that this market continues to go higher due to the breaking out to the upside, but we recognize of the 1.35 level of course is resistive. Any pullback at this point in time should be buying opportunities oh, and we will treat them as such. The 1.28 level below should continue to be the bottom of the support, so it’s not until we break down below there that we would consider selling.
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.
