The USD/CAD pair fell hard during the session on Monday, but remains well above the 1.10 level. That level was the scene of a break out, and we feel that this market will more than likely try to retest that area for support. With that, we feel that the market will more than likely continue to go higher, but it’s going to take the right candle in order to get involved to the upside, which we believe will be the correct way to trade this pair going forward as the Euro is oversold, and the Japanese yen continues to be sold off in general.
