The USD/CAD pair broke out finally during the course of the session on Monday, meaning that we should see continued bullish pressure. On top of that, we broke above the psychologically significant 1.35 handle, and of course have seen quite a bit of selling in the oil markets. Because of this, we believe that this is a longer-term signal, and will not only buying this pair, but will hold onto it. This could be one of the best place going into the holidays, and as a result we believe that it’s time to start buying.
