The USD/CAD pair rose slightly during the session on Monday, showing that the 1.03 level should continue to offer support. Because of this, we feel that this market will more than likely continue to bounce around between the 1.03 level on the bottom, and the 1.04 level on the top. That keeps is a fairly short-term traders market, and as a result we feel that this market might be difficult to trade overall. If we can break out of this range, then we will simply follow whatever direction the market chooses. In the meantime, we are on the sidelines.
Written by FX Empire