The USD/CAD pair went back and forth on Thursday, but as you can see really didn’t settle for much. With that being the case, it appears that the market could pullback from here, as the move has been rather impulsive. With the nonfarm payroll number coming out later today though, it’s probably difficult to be involved in this market, and therefore we would wait until that announcement was released before even placing a single trade. However, we do recognize that the market should continue to go higher given enough time. We have no interest in selling this market until we get well below the 1.08 handle.
