The USD/CAD pair finally have the 1.12 level that we been talking about for some time, but has pullback a little bit towards the end of the day on Tuesday. With that, we feel that the market will ultimately go higher, but it could go sideways for a while in this general vicinity. We will look for short-term pullbacks in order to start buying again, recognizing that the market should then go much higher given enough time. We have no interest in shorting this market, and believe that we are heading to the 1.15 handle.
