The USD/CAD pair had a very bullish session on Friday, but did giveback roughly 40 pips of the gains by the end of the session in order to form a glass impressive candle in the end. With all that being said, if we managed to break the top of the candle for the Friday session, we believe that this market will continue to grind into we have the 1.03 handle. As far as selling is concerned, we would need to see the parity level broken down below, something that we had failed to do during the course of the week.
Written by FX Empire