The USD/CAD pair rose during the session on Tuesday as the “risk off” trade came back into play. The move was in line with the recent bullishness that we have seen, and as a result we are relatively interested in buying. We would’ve liked to have seen the market pullback to the 1.01 handle, but we did not get that move yet, and it does not look like its coming. With that being said, we are willing to buying this market on a break above the highest from the session on Tuesday, with 1.04 being the “all clear” signal to hold onto the trade.
Written by FX Empire