The USD/CAD pair rose during the session on Wednesday, bouncing off of the trend line that has been rising and supporting this market for some time now. On top of that, we are still above the 1.06 handle, which is a massive support level. With this, it’s not a big surprise as we have the nonfarm payroll number coming out today, and this pair tends to be very sensitive to that announcement. With this, we will wait until the end of the day before making any significant move, but as long as we are above the 1.06 handle, the odds favor to move higher.
