The USD/CAD pair rose during the course of the day on Tuesday, using the 1.08 level as a bit of a springboard. That being the case, the market looks as if it’s ready to continue going higher, heading towards the most significant resistance barrier above, the 1.0950 level. However, there will probably be pullbacks between here and there, which should be buying opportunities as there is a significant amount of noise between current levels and that barrier. As far selling is concerned, we have no interest, because we believe that the break above the 1.08 level is in fact significant.
