Looking at USDCAD, I'm waiting for price to break and close above the consolidation. pulling up the Fibonacci you can see price retraced to the 62% retracement area. there is the obvious possibility that price might sell off from here as the Bank of Canada commented for strength against the Loonie is coming, and looking at the COT reports more long positions were placed against the CAD. so lets keep an eye on this pair this week on the lower time frames and look at where the turn in the market will happen.