The USD/CAD pair went back and forth during the course of the session on Friday, ultimately settling on a slightly positive candle. At the end of the day, not much a change day we still feel that this market is probably going to try and grind to the 1.10 handle. That level should be resistive though, so we need to get a break above there in order to hang onto the trade for any real length of time. Below current levels, we feel that it’s far too supported and noisy to be bothered selling.
