The USD/CAD pair fell during the session on Friday, testing the 1.03 level. We did close a couple of pips below there, but we are still well within the supportive band that we’ve seen recently, and as a result we feel that this market will continue to shift sideways and struggle to pick up any real direction. Since there were no labor numbers coming out during the Friday session in America, there is very little to move this market any great strength. In the meantime, we are not interested in trading this market, as we think there is simply far too much noise at the moment.
Written by FX Empire