The USD/CAD pair rose during the session on Tuesday, breaking above the 1.09 handle yet again. This area has broken the top of the hammer from the Monday session as well, and as a result it looks like the market is in fact going to hit the 1.10 level in the next day or two. This area of course will be resistive once we get it, but at the end of the day it appears of this market is ready to continue going higher. We could get a bit of a pullback from here, but a supportive candle has us buying yet again.
Written by FX Empire