The USD/CAD pair initially rallied during the session on Tuesday, but turned back around and form a shooting star. The shooting star courses negative, but overall this market has been very sideways for the last two weeks. Ultimately, the uptrend line below should continue to be supportive, and ultimately we should get a bit of a squeeze to get above the 1.08 level. Once we do that, we feel the market would head to the 1.0950 level, and then possibly the 1.12 level given enough time. Selling is something we have no interest in doing whatsoever.
