The USD/CAD pair rose during the session on Wednesday, breaking the top of the shooting star that had formed on Tuesday. This is a very bullish sign, and we think this pair continues to go higher. The 1.07 level is what stop the market from going higher during the session, but that is just a round number that will eventually be overcome. Short-term charts can be used in order to start shorting the Canadian dollar now, and we do believe that this market is heading to the 1.10 handle before the move is over with.
Written by FX Empire