The USD/CAD pair tried to rally during the session on Tuesday as you can see, but gave back about half of the gains to form a candle the looks somewhat like a shooting star. Nonetheless, it appears that the market is struggling appear, so a little bit of a pullback could be coming. We believe that any pullback will be an opportunity to buy, and will do so on the first signs of support. Alternately, if we get above the 1.06 handle, we feel that this market should continue much, much higher.
Written by FX Empire