The USD/CAD pair initially rallied during the course of the session on Wednesday, testing the 1.35 level. Having said that, the market turned back around
The USD/CAD pair initially rallied during the course of the session on Wednesday, testing the 1.35 level. Having said that, the market turned back around to form a shooting star, and with that being the case it looks as if the market is ready to continue going lower, and with that being the case we feel that the market is probably going to reach towards the 1.33 level. On the other hand though, if we can break above the 1.36 level, that’s reason enough to start buying as it would show a significant amount of bullish pressure all of a sudden.
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.
