The USD/CAD pair initially fell during the session on Friday, but after the Canadian jobs numbers came out negative, the Canadian dollar get absolutely pummeled. The uptrend line just below held the market up as well, and as a result it appears that we are heading towards the 1.08 handle in the short-term. The real question is whether or not we can get above there and head towards the 1.10 level, which is even more significant resistance. We believe that this market will continue to go higher as it is a continuation of the uptrend, thereby having is buying.
