The USD/CAD pair had a negative session on Wednesday, but as you can see still respects the positive trend line that the market has been following for some time. With this, we feel that the market should continue to grind higher, but the key phrase of course is grind and not trend. We believe that this market is going to continue the struggle a bit, and it is going to be difficult to trade. As far selling is concerned, we have no interest until we break down below the 1.06 handle, which could open the door to falling down towards the parity handle.
