The USD/CAD pair rose during the course of the day on Thursday, breaking the top of two shooting stars in a row. With that being the case, the market has now broken out to the upside, and a move above the top of the range during the session on Thursday should send this market heading to the 1.12 level. Anytime we pullback between here and there, we think that traders will continue to step in and take advantage of value as the US dollar should continue to go higher overall in value.
