The USD/CAD pair initially broke higher, but as you can see turned back around and formed a shooting star. This is the third shooting star in a row, and as a result we feel that the market will probably continue to drift a little bit lower. However, the 1.25 level below should continue to be very supportive, and as a result we are looking for supportive candles in that general vicinity to start buying as the market should continue to bounce around in this consolidation area, as the market should continue to be relatively neutral.
