The USD/CAD pair went back and forth during the day on Monday, with a fairly negative tone. However, the 1.31 level offered enough support to turn things back around and form a bit of a hammer. Because of this, if we can break above the top of the hammer, we are buyers as the market should continue the uptrend. Nonetheless, we are looking for supportive candles below in order to start going long yet again. We have no interest whatsoever in selling this pair as there is far too much support near the 1.30 handle.
