The USD/CAD pair fell during the session on Monday, but found support again at the 1.0350 region. This area should be supportive as far as we can tell, and as a result we are not ready to short this market at all considering how tight this market appears to be and the fact that the 1.04 level will certainly be pretty resistive. There is a ton of noise below current levels, so really we have absolutely nothing to do in this market at the moment. We need clarity, something that we just simply do not see right now.
Written by FX Empire