The USD/CAD pair broke down during the day on Wednesday, slicing through the 1.30 level again. This is a market that looks a bit soft at the moment, but we do have quite a bit of support all the way down to the 1.28 handle. Because of this, we are not comfortable selling, but certainly don’t have the right formation or strength to start buying. We will continue to monitor the USD/CAD pair here at FX Empire, and will of course keep you advised as to any trading opportunities we see. At this point though, we are not necessarily willing to put money in this market.
