The USD/CAD pair rose again during the session on Friday, even with a weaker than anticipated jobs report out of the United States. This was mainly because the Canadian jobs report was just as bad, and as a result the market to simply continue to travel in the direction that it had been heading in. With that being the case, we think the market so heads to the 1.10 level, but a pullback might be needed in order to bring enough momentum to get there. We would be buying supportive candles below in order to take advantage of that.
Written by FX Empire