The USD/CAD pair fell during the course of the session on Friday, testing the 1.30 level. However, we turned back around and formed a very positive looking candle. With that, it appears of the market should continue to go higher and reach towards the 1.35 level given enough time. We do recognize of the 1.3350 level above should continue to be resistance, but eventually we feel that this market will break out to the upside. We have no interest in selling this pair until it gets well below the 1.28 level, something that we don’t think will happen anytime soon.
