The USD/CAD pair went back and forth during the course of the session on Thursday, as we continue to consolidate between the 1.24 level on the bottom, and the 1.25 level on the time. With that being the case, the market looks very tight, but considering that both of these countries are releasing the jobs numbers for last month today, we would anticipate quite a bit of volatility. If we break above the 1.25 level, we are buyers. If we break below the 1.24 level, we are sellers. In a sense, it’s an easy trade to take as soon as we get out of consolidation.
