The USD/CAD pair rose during the session on Wednesday, breaking above the 1.08 handle for the first time in ages. This market appears like it’s ready to continue going higher, and therefore we are looking for short-term charts that show slight pullbacks with support in order to go long. We still believe this pair goes to 1.10 handle given enough time, and that is our target going forward. Pullbacks will offer value and with the recent move that we have seen couple by the fall in oil prices, we believe that traders will be willing to buy this pair every time it falls.
Written by FX Empire