The USD/CAD pair initially broke higher during the course the day on Thursday, even getting above the 1.34 handle. We found enough resistance in that area to turn things back around though, and as a result we formed a bit of a shooting star. The shooting star of course is a very negative candle, and as a result we feel that the market may pull back. A pullback at this point in time should be a buying opportunity though, as the market seems very likely to reach towards the 1.35 handle. We have no interest in selling this market.
