The USD/CAD pair fell during the bulk of the session on Friday, but as you can see showed support at the 1.06 handle yet again. This is the bottom of a consolidated area that the market has been following lately, and as a result we are bullish of this pair on the short-term charts. If we can get above the 1.07 handle, we think this market could really take off to the upside and start heading towards the 1.10 handle. As far selling is concerned, we have no real interest in doing so right now.
Written by FX Empire