The USD/CAD pair rose during the course of the session on Friday, as it appears we are trying to fight to go higher. Ultimately, we feel that the support extends from the 1.30 level, all the way down to the 1.28 handle. With this, it appears that the market continues to pay attention to this area, and perhaps this will be the way to tell which direction this market goes longer term. A break down would be extraordinarily negative, while move back above the 1.30 level could send this market looking for much higher levels given enough time.
