The USD/CAD pair tried to rally during the session on Thursday, but gave back all of the gains found just below the 1.12 level in order to form a shooting star. However, we feel that this market has a significant amount of support at the 1.10 level, and as a result any type of supportive action closer to that level would be a buying opportunity as far as we can see. Alternately, we could break the top of the shooting star in order to get a buy signal as well, but we are not selling at the moment as we believe this market continues to go higher.
