The USD/CAD pair initially rose during the course of the day on Thursday but turned back around to form a bit of a shooting star. Ultimately, you have to
The USD/CAD pair initially rose during the course of the day on Thursday but turned back around to form a bit of a shooting star. Ultimately, you have to keep in mind that even though today is a necessarily a holiday, the reality is that this pair typically sees most of its volume during the North American trading session. Most Americans will be away from their desks on the Friday session, so that should keep this market fairly quiet. Because of this, we are on the sidelines at least for today, and then possibly even longer than that.
USD/CAD Forecast November 27, 2015, Technical Analysis
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.
