The USD/CAD pair had a positive session during the Thursday trading hours, breaking back towards the 1.02 level. The fact that we formed a shooting star on Wednesday doesn’t help though, and as a result we feel that this market is more than likely going to struggle to go higher, but that overall it will eventually. The breaking of the top of the shooting star for the session on Wednesday would be a very bullish sign, and have us going long aggressively. However, if we did get a little bit of a drop, we would be buying supportive looking candles below as we believe that this market is primed to go higher.
Written by FX Empire