The USD/CAD pair broke higher during the course of the session on Friday, as the market broke above the hammer from the Thursday session. Because of that, we feel that the market will continue to go higher, as we continue to consolidate. However, it’s probably going to continue to be a fairly difficult market to hang onto for any real length of time though, because there is so much volatility. On top of that, the oil markets continue to be very choppy as well, and they of course have a great influence on the Canadian dollar itself. With this, we see a short-term buying opportunity but that’s about it.
