The USD/CAD pair went back and forth during the day on Tuesday, showing quite a bit of volatility. Ultimately though, we ended up forming a slightly positive candle which of course shows that the market is ready to continue grinding higher. The key phrase here of course is “grind”, as the market will continue to go higher, but will more than likely struggle along the way from time to time. We have plenty of support below, and believe that will be the continued will feature of this market. In fact, it’s not until we get well below the 1.30 level that we would consider selling.
