The USD/CAD pair fell initially during the session on Friday, but found enough support at the 1.0850 level to turn things back around and form a hammer. This hammer of course is supportive looking, and if we can get a break above the top of that, we believe that this market then goes to the 1.10 handle. On the other hand, we could drop from here and head to the 1.08 level where there is significant support, and then ultimately the uptrend line below there were we think there is even more support.
