The USD/CAD pair fell during the session on Tuesday, but remains above the 1.06 handle. It is not until we clear that area to the downside that we are comfortable selling. In fact, with the nonfarm payroll number coming out on Thursday we believe that this market could very well be getting ready to make some type of decision. We will not trade this pair until we close below the 1.06 handle, or more importantly get that the jobs number that will be such a major catalyst for the next move in this market as it always is.
