The USD/CAD pair rose for the most part during the Wednesday session, after first trying to fall. The 1.03 level kept the market down, and as a result we have to wait to see the next move. The breaking of the 1.03 level on a 4 hour chart is enough for us to start buying this pair again. The 1.04 level will be resistive as well, but the fact that this market has been so strong lately makes us to believe that the pair will manage to get over that level. The market isn’t a sellable market at this point, and as a result we simply wait for the aforementioned signal to buy this market.
Written by FX Empire