The USD/CAD pair had a slightly positive session for the trading day on Tuesday, but formed a shooting star yet again. This is the second shooting star in a row, which was preceded by two hammers. This looks like a pair the simply has nowhere to go, and as a result we are not bothered with it right now. However, a break above the 1.03 level we would be very interested in going long. As for selling, we would not be interested in all until we get below the 1.01 handle, as it showed such support recently.
Written by FX Empire