The USD/CAD pair initially rallied during the session on Wednesday, but found enough resistance above the 1.25 level to turn things back around and form a choppy but positive candle. That being the case, the market looks as if it is ready to continue grinding sideways overall, and as a result we don’t really have much in the way of a trade. However, the Nonfarm Payroll Numbers coming out on Friday suggests that we will have a move in a couple of days. Keep in mind, this pair tends to be very sensitive to that number so until then we think the market will be quiet.
