The USD/CAD pair fell during the session on Thursday as the comments by several central bankers suggested that even more easy money would be on the way if the Greek elections caused a market meltdown. This isn’t something new, but it seems as if the markets want to treat it as such. The pair is closing at the very lows for the session, and as a result it looks as if it could continue lower. For us, we are interested in trading this pair to the upside overall, but won’t take a position until Monday as the weekend could cause massive swings in one way or another.
Written by FX Empire