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.
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.
