USD/CAD saw an attempt at a rally for the session on Monday, but the end of the session saw something much different – a shooting star at the bottom of a downtrend…always a very negative sign. However, there is much to be concerned about on the sell side as well.
USD/JPY fell below the 76.50 level that everyone in the world has been paying attention to recently. This makes us wonder where the Bank of Japan gets involved…..it’s about time.