The USD/CAD pair fell during the course of the session on Thursday, testing the uptrend line that we have been bouncing off of recently. The market still sits above the 1.06 handle, so we are not interested in selling it, and as a result we are simply sitting on the sidelines. On the other hand, if we get above the 1.07 level, we would be buyers at that point in time. Ultimately though, we will wait for a daily close in order to start buying or selling, depending on what type of breakout or breakdown we get.
