The USD/CAD pair went back and forth during the course of the session, pulling back in order to find buyers, meaning that we should continue to go higher
The USD/CAD pair went back and forth during the course of the session, pulling back in order to find buyers, meaning that we should continue to go higher given enough time. After all, the oil markets are struggling and we do get crude oil inventory numbers coming out of the United States today. This could put more pressure on the oil markets, and therefore this market should continue to go higher as the Canadian dollar is highly influenced by now particular market. We still have a target of 1.35 above given enough time.
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.
