The USD/CAD pair initially fell during the course of the session on Monday, as we broke the top of the hammer that was formed on Friday. With that, we believe that the market will continue to try to break out to the upside but we need to get above the 1.3350 level in order to move higher for the longer term. Pullbacks at this point in time should be buying opportunities, and as a result we have no interest in selling even on markets dropping. The 1.30 level below is massively supportive, and as a result we have no interest in selling until we are well below that area.
