The USD/CAD pair struggled during the session on Thursday, as the 1.06 level offers resistance though. However, you have to keep in mind that with the Thanksgiving holiday in America, the liquidity in this market would have been very thin, and more than likely we won’t see a significant move until the traders come back on Monday. However, a daily close above 1.06 is more than enough for us to start going long and aiming for the 1.10 handle. Pullbacks will be used as buying opportunities, as is market looks well supported below.
Written by FX Empire