The USD/CAD pair did absolutely nothing during the session on Friday as we continue to grind sideways around the 1.05 handle. This market is ultimately bullish as far as we can tell, but we need to clear the 1.06 handle in order to be comfortable going long. The alternate scenario of course is that we get some type of pullback and supportive candle near the 1.04 handle, which we would be more than willing to buy at that point time as well. We have absolutely no plans on selling this pair in the near future.
Written by FX Empire