The USD/CAD pair initially rallied during the course of the session on Wednesday, but then turned back around to fall towards the 1.22 handle. Ultimately, we believe that this market should find support below though, so really at this point in time we are not overly excited about trading this market. We need some type of clarity in the oil markets to feel like we should be involved in this pair, so at this point in time we are simply on the sidelines and will continue to be as this market continues to chop around.
