The USD/CAD pair shot up like a rocket after first gapping to the downside on the open. The gap was filled, and the bulls went beyond that level as well. The candle from the Friday session is a shooting star, but the trend lately has been up. The breaking of the top of the shooting star would eliminate any doubts about the trend, but for those that are more aggressive, the buying of this market would in fact be with the recent trend and could be done. However, we prefer to see the top of the Friday session broken as confirmation.
Written by FX Empire