The USD/CAD pair fell again during the session on Friday, continuing to show significant bearishness. However, we are getting fairly close to a massive support area in the form of the 1.06 level, and the uptrend line that had recently been formed. Because of this, we are actually looking for supportive candle in this general vicinity, which would be a nice buying opportunity. On the other hand, if we break down below the 1.06 level on a daily close, we would be willing to start selling as this market should then go looking for the parity level.
