The USD/CAD pair went back and forth during the course of the day on Friday, showing the 1.0950 level to be somewhat of a magnet for price. However, if we can break back above the 1.10 level, we think that this market will then head to the 1.11 level, and then to the 1.12 level. If this market does fall from here, we believe that the buyers below should continue to favor the US dollar, pushing the market higher. We have no interest in selling, as there is a significant uptrend line just below.
