The USD/CAD pair went back and forth during the session on Tuesday, printing a slightly positive candle, but more importantly showing that the 1.09 region continues to be a bit of resistance. The market as at the top of the recent consolidation area, so we aren’t overly interested in buying unless of course we can break above the 1.0950 level, which should lead to the 1.10 level, and ultimately the 1.10508 handle as well. Regardless, this is going to be a fairly choppy market, so are not looking for big moves either way.
