The USD/CAD initially fell during the course of the day on Monday, but found enough support towards the end of the day to bounce a little bit and form a bit of a hammer. The 1.30 level below should be the “floor” in this market, and with that it’s only a matter of time before the buyers come back in. We are simply looking for a bit of a bounce in order to go long as the trend is so well ensconced in this pair. We have no interest in selling at the moment.
