The USD/CAD pair rose during the session on Monday, filling the gap and more from the Monday open. The candle looks a bit odd though, as the top of it is now a nice wick. This means that there is still a bit of doubt in the strength of the Dollar in this pair. However, the 1.02 level remains supportive, so we certainly cannot sell at this point until we see a daily close below this level. As for buying, a break above the highs for Monday is enough to get us long again.
Written by FX Empire