The USD/CAD pair fell during the session on Tuesday as the nonfarm payroll numbers came out weaker than anticipated. This being the case, looks like we really test the 1.03 level for support, and it did managed to hold up somewhat, as the market stayed in the general region. With that being the case, it is not until we break the lows of the session from Tuesday that we start selling. However, if we manage to break the highs of both Monday and Tuesday, we would actually become buyers as we think the market could go back towards the 1.04 handle.
Written by FX Empire