The USD/CAD pair fell hard during the course of the day on Tuesday, slicing back through the 1.10 support level in order to show real Canadian dollar strength. This would’ve been basically as a result of strengthening oil prices, and with that we are looking for supportive candles below as we think this is a short-term knee-jerk type of reaction anyway. Ultimately, we think that the uptrend is still intact, and have no interest in selling at this point in time. In fact, we still believe that this market will hit the 1.12 level fairly soon.
