USD/CAD forecast for the week of February 27, 2017, Technical Analysis
The USD/CAD pair went back and forth during the week, forming a shooting star of sorts. What’s interesting is that the Friday candle is a hammer, so expect more choppiness and back and forth type of trading in this market. That almost makes it impossible to trade this market from
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The USD/CAD pair went back and forth during the week, forming a shooting star of sorts. What’s interesting is that the Friday candle is a hammer, so expect more choppiness and back and forth type of trading in this market. That almost makes it impossible to trade this market from a longer-term perspective. Having said that, if we can break above the top of the shooting star for the week, I think that’s a very bullish sign and then we should reach towards the 1.35 level above. Until oil figures out what once to do, this pair is going to be difficult.
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