The USD/CAD pair fell hard during the session on Thursday, but found the 1.04 level supportive yet again. Because of this, we feel that this market will continue to go higher, and we may see a buying opportunity right now. Look to the short term charts though, or some type of supportive candle to base your trading off of. It would not surprise us at all to see this market bounce back up to the 1.05 handle in the short term. That’s the key phrase though, short-term. This is not a long-term market at the moment.
Written by FX Empire