The USD/CAD pair fell slightly during the session on Monday, but with it being Labor Day in both the United States and Canada, there was in a whole lot in the way of liquidity. Because of this, we feel that the market should continue to be one that meanders around this area, and possibly goes higher, testing the 1.10 handle. On a break above the highs from both Friday and Monday, we would be buyers but recognize that the action would be choppy to the upside. It is not until we break the uptrend line to the downside below that we would consider selling.
