The USD/CAD pair initially fell during the day on Friday, but found buyers below at the 1.11 handle, and then shot higher. That being the case, it appears of this market is heading to the 1.12 level next, and then possibly above there given enough momentum. The oil markets certainly have done nothing to help the Canadian dollar, so we believe that this pair goes much higher given enough time. Pullbacks will continue to be buying opportunities going forward, as the marketplace certainly has in our opinion shown quite a bit of bullish momentum.
