The USD/CAD pair broke higher during the course of the day on Wednesday, clearing the 1.3050 level. This is a market that looks like it is ready to bounce and head all the way to the 1.33 handle, and with this we feel that the Canadian dollar will start to lose some strength yet again. Ultimately, we have no interest in selling as there is a massive support barrier that extends all the way down to the 1.28 handle. It is not until we get below there that we could seriously consider any bearishness.
