USD/CAD pair broke higher during the course of the day on Thursday, but could not break above the top of the shooting star. It is because of this that we aren’t quite ready to serve buying. We think pullbacks should offer value, but if we do break above the top of the shooting star that should be a very positive sign. This pair tends to be very sensitive to the nonfarm payroll number, so expect a lot of volatility during the session today. It doesn’t matter though, we can only do one thing, and that’s buying this pair ultimately.
