The USD/CAD pair went back and forth during the session on Tuesday, testing the 1.09 level for support and proving it to be so. With that, the market looks like it is testing the area for support that was once resistance. This is classic technical analysis, and as a result we feel that this market should continue to go higher on a break of the top of the range for the session on Tuesday. If we do fall from here though, we should find plenty of support all the way down to the 1.08 level. Between here and there, a supportive candle will be used to get in on the long side again.
