USD/CAD fell during the beginning of the session on Wednesday to poke through the 0.99 handle, however, we did find quite a bit of support at that level as you would expect. This market looks like it’s trying to pump back over the parity level, and if we can get above 1.00 find zero, we think this market could go much higher. We currently have retested the breakout above the 0.99 handle, and so far strength looks good. With this being said, we are looking to go long given the chance. If we fall below the 0.9850 level on a daily close, we would consider selling at that point.
Written by FX Empire