The USD/CAD pair initially tried to rally, but turned back around on Monday in order to form a bit of a shooting star. This simply shows that the market is struggling a bit to continue to go higher, and as a result we believe that the market may have to pullback in order to build up momentum. Any supportive candle below should be a buying opportunity, and that’s exactly what we will use them for. We believe that the 1.35 level above is going to be resistive, but should eventually get broken above given enough time.
