The USD/CAD pair initially rose during the course of the day on Thursday but turned back around to form a bit of a shooting star. Ultimately, you have to keep in mind that even though today is a necessarily a holiday, the reality is that this pair typically sees most of its volume during the North American trading session. Most Americans will be away from their desks on the Friday session, so that should keep this market fairly quiet. Because of this, we are on the sidelines at least for today, and then possibly even longer than that.
