USD/CAD Today

A key day reversal in USD/CAD Monday, accompanied by evidence of divergence, suggests there will be no breakout this week by USD/CAD from its 3-month trading range says Trader. The pair now trade at 1.0588. The bank looks for a shallow correction toward 1.0555-30 where signs of a base should appear and then be followed by another run toward the late November highs of 1.0750.