If We Do Break HigherBreaking above the 1.45 level would be a major victory and opens up a move to the 1.47-5 zero level. Keep in mind that interest rates in America are still much higher than they are in Canada. At this point, you also have to keep in mind that the Canadian Parliament is suspended, and Donald Trump is about to enter tariff negotiations with a country that has no real leader in sight. They’re basically going to be at the mercy of the Americans. Even if we were to fall from here, the 1.42 level underneath should continue to see plenty of support with the 50 day EMA hanging around that same region as well. So, I do think that any pullback from here is probably going to be, more or less, a short-term phenomenon, and it probably ends up being a nice buying opportunity in this area. I have no interest in shorting this pair. In fact, I expect this to remain a “buy on the dips” situation for the foreseeable future. 
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