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.
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.
