The USD/CAD pair tried to break out to the upside during the session on Monday, but the 1.13 level of course offered quite a bit of resistance. As I’ve that surprising though, because we have been banging around sideways for some time. If we can break the top of the shooting star, we feel that this market will ultimately go much higher, and test the 1.15 level. Even if we broke down from here, we feel that this market will more than likely find support at the 1.12 level, and perhaps lower than that.
