The USD/CAD pair tried to break up above the 1.13 level during the session on Tuesday, but as you can see struggled to do so. With that being the case, the market looks as if it is going to eventually bounce around between here and the 1.12 level. We think that there are plenty buyers below though, so quite frankly it is a marketplace that we have no interest whatsoever in selling. We believe that eventually this market will break out to the upside fairly strong, and aim for the 1.15 handle. With that, we are cautiously and patiently waiting a supportive candle.
