The USD/CAD pair fell hard during the session on Monday, and as you can see is reaching towards the 1.06 level in order to find support yet again. With that being the case, looks like we’re going to continue to consolidate, as we do not expect see the 1.06 level be violated for any significant amount of time. Ultimately, we think this market continues higher, so we are looking for some type of supportive candle below in order to start buying. We have no scenario in which we sell this market right now.
Written by FX Empire