The USD/CAD pair initially tried to fall during the course of the session on Thursday, but as you can see turned back around to form a relatively positive candle. We are still below the 1.08 handle now, and as a result we feel that the market will struggle to get above it. However, once we do we feel the market will grind its way back to the 1.0950 level, and we are positive of this market in general. We think that pullbacks will continue to show supportive action near the trend line below, so we are bullish.
