The USD/CAD pair has broken above the 1.04 level on Tuesday, and as a result we feel that this market will continue higher. There is a bit of resistance of the 1.05 handle, but in the end we firmly believe that this market is going to go only to the 1.10 handle. We are perfectly fine buying here, and as well as buying pullbacks on short term charts that show signs of support. We have absolutely zero interest in selling this market right now, mainly because the US dollar is so strong against almost every other currency out there.
Written by FX Empire