The USD/CAD pair rose slightly during the session on Thursday as we continue to grind away sideways between the 1.09 and the 1.10 levels. With that, we feel that the market will more than likely go higher during the day today, we are looking for a very small move and do not anticipate breaking out above the 1.10 handle. However, if we did that would of course be very bullish and have us buying this market for more of a long-term trade, aiming for the 1.12 level. We believe that ultimately will happen, so even a fall from here should offer a buying opportunity on supportive candles.
