The USD/CAD pair went back and forth during the session here on Wednesday, testing the 1.12 level for support. It did in fact find it, so therefore we
The USD/CAD pair went back and forth during the session here on Wednesday, testing the 1.12 level for support. It did in fact find it, so therefore we feel that this market will more than likely go higher given enough time but it obviously needs to work things out in the meantime. With that, we are bullish but we need to break above the 1.13 level, which is extensively the highs of the day for the Wednesday session. Selling isn’t even a thought at this point in time, as we recognize that we are most certainly in an uptrend.
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.
