The USD/CAD pair fell during most of the week, but we found enough support at the 1.12 level to find buyers. That being the case, the market looks as if
The USD/CAD pair fell during most of the week, but we found enough support at the 1.12 level to find buyers. That being the case, the market looks as if it’s ready to go higher, and although we formed a shooting star for the previous week, we had two hammers before that so we believe that more than likely the market will grind sideways for the most part in the near term, but ultimately will break out to the upside and head to the 1.14 level. Selling isn’t even a thought.
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.
