The US dollar rallied against the Canadian dollar on Friday, as we continue to press to the upside. Pay attention oil, looks as if it is very vulnerable
The US dollar rallied against the Canadian dollar on Friday, as we continue to press to the upside. Pay attention oil, looks as if it is very vulnerable and if that’s going to continue to be the case, I believe it’s only a matter of time before this market shoots back towards the 1.35 level above. If we can break above the 1.36 handle, then we’re free to go much higher. I think that’s the longer-term story, but in the meantime, expect quite a bit of volatility. I have no interest in selling this market going forward.
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.
