The USD/CAD pair fell during the course of the session on Thursday, testing the 1.09 handle for support. We did in fact find it there, so it’s very likely this market will find buyers just below. However, this is nonfarm payroll Friday, and that tends to be very influential on this pair. Adding more confusion to the fray is the fact that the Canadian employment numbers come out as well, and at the same time. With that, expect extreme amounts of volatility, and a look at a pullback as a potential buying opportunity, but wait until we see support.
