The USD/CAD pair initially broke higher during the course of the session on Friday, but continues to find resistance at the 1.33 level. With that being the case, the market looks as if it is trying to break out, and perhaps try to build up enough momentum to do so at the moment. With this, we feel that the market will go to the 1.35 level given enough time. If we pullback from here, we think there’s plenty support all the way down to the 1.30 level as it was previously so resistive.
