The USD/CAD pair rose during the course of the session on Wednesday, breaking above the 1.32 level significantly. However, we have to get above the top of
The USD/CAD pair rose during the course of the session on Wednesday, breaking above the 1.32 level significantly. However, we have to get above the top of the session for Tuesday, and once we get above there, I feel the market should then go to the 1.35 level. Pullbacks offer support all the way down to the 1.31 handle, and as a result a supportive candle after a short-term pullback would be a nice buying opportunity. I have no interest in selling at this point in time, especially if oil continues to fall.
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.
