The USD/CAD pair fell during the course of the day on Thursday, breaking well below the 1.10 handle. However, we did find a bit of support at the 1.09 region, so with that market formed a little bit of supportive candle. This market should ultimately find enough support to go higher, and hit the 1.11 level, and then the 1.12 level. We need to clear the top of the range for the Thursday session in order to feel comfortable buying, but we certainly have no interest in selling as there is so much in the way of support below.
