The USD/CAD pair had a very volatile session on Tuesday, as we continue to bang around just below the 1.24 level. It looks as if the market is probably
The USD/CAD pair had a very volatile session on Tuesday, as we continue to bang around just below the 1.24 level. It looks as if the market is probably going to continue to drift a little bit lower, but we also recognize that there is support near the 1.22 handle, which means we don’t have much room to move. With that and the fact that the oil markets are relatively tight, we have no interest in trading this market at the moment. That being said, we will keep an eye on this pair for trading opportunities.
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.
