There isn't any major market-moving economic data due for release on Monday, either from the US or Canada. Hence, it will be prudent to wait for a sustained move beyond the 1.3420 supply zone before positioning for any further appreciating move. A sustained move above might assist the USD/CAD pair to aim back to reclaim the key 1.3500 psychological mark.
Technical levels to watch
USD/CAD
H0 L0
S3 S2 S1 R1 R2 R3
1.3261 1.3298 1.3343 1.3426 1.3463 1.3508


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