The USD/CAD pair tried to breakout during the session on Wednesday, but in the end it appears that the market ran into far too much resistance above in order to continue going higher. With that, we feel that this market is going to eventually breakout to the upside, but it could be a very difficult fight. Short-term traders may like this market, but really we see far too much in the way of noise between various levels about 50 pips apart to get overly excited about taking a training direction or the other at this point.
