The USD/CAD pair broke higher during the day on Thursday, clearing the 1.35 handle. Now that we have broken above there, it’s likely that the market will continue to go higher of the longer-term we are getting a bit overextended. A pullback should be just that, a pullback. That pullback should offer a buying opportunity and as oil continues to fall, I believe that this pair will continue to go much higher. I have no interest in selling, it appears that the US dollar is the currency on as far as Forex traders are concerned.
Written by FX Empire