The USD/CAD pair initially rallied during the course of the session on Friday, but turned back around to race back down towards the 1.25 handle. However, this is an area that features quite a bit of support, and extends all the way down to the 1.24 handle. We like buying supportive candles, but do not see them yet so we are stepping to the sidelines and waiting for that signal in order to start buying again. We believe that we are going to continue to consolidate overall, as the market simply meanders.
