The USD/CAD pair shot straight up during the course of the day on Monday, breaking well above the 1.10 level again. With this, it appears that the Canadian dollar will continue to soften of that, and as a result we are looking for short-term pullbacks in order to start buying this market yet again. This is a market in our opinion that should continue to the 1.11 level. After that, we feel that the market will then go to the 1.12 level, which is our longer-term target. Any pullback at this point in time should continue to be a buying opportunity as far as we can see.
