The USD/CAD pair initially rallied during the session on Thursday, but found the area above to be a bit too resistive, and therefore formed a shooting star. However, we see a bit of support below to keep this market somewhat afloat, so quite frankly we feel that this is a market that can be difficult to buy or sell anytime soon. After all, the oil markets are still very volatile, and that of course has a massive amount of influence on the value the Canadian dollar itself. We will of course keep an eye on this pair.
