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.
Being FXEmpire’s analyst since the early days of the website, Chris has over 20 years of experience across various markets and assets – currencies, indices, and commodities. He is a proprietary trader as well trading institutional accounts.
