The USD/CAD currency pair rose dramatically during the Thursday session as the dollar gained in general. The breaking of the 1.03 level was significant, and although we did pare the gains a bit towards the end of the session, a majority of the candle still remained green at closing time. With this being said, obviously the oil markets will have a great influence on this currency pair. Nonetheless, we feel that it did do a little bit of a breakout during the session. With this in mind, we are willing to buy short-term supportive candles as we march towards the 1.0450 level. As for selling, we see far too much noise below in order to get involved.

The USD/CAD currency pair rose dramatically during the Thursday session as the dollar gained in general. The breaking of the 1.03 level was significant, and although we did pare the gains a bit towards the end of the session, a majority of the candle still remained green at closing time. With this being said, obviously the oil markets will have a great influence on this currency pair. Nonetheless, we feel that it did do a little bit of a breakout during the session. With this in mind, we are willing to buy short-term supportive candles as we march towards the 1.0450 level. As for selling, we see far too much noise below in order to get involved.