The USD/CAD rose during the Friday session as more and more people get concerned about the fiscal talks in the United States. The resulting candle is bullish, and we did manage close above the 0.9950 handle. This was a signal for us that we this market should continue up to the parity level and as a result a break of Friday’s highs should continue to see bullishness in this market as money head towards parity. As far as selling, we would not do so until we managed to close well below the 0.99 handle.
Written by FX Empire