The USD/CAD had a volatile day on Friday as traders first attempted to sell it off, only to turn around and buy it back. The markets nature suggests that the run to safety will continue, which means this pair should continue to rise. The resulting candle is a doji, which suggests that we could see a pullback, but the 1.03 level should continue to be a floor in this pair – meaning that buying the dips should be the way to go going forward.
Written by FX Empire