USD/CAD has failed to break 0.9842 for the third time since late August.
The triple-bottom would need to be confirmed by a rise above 0.9950.
Tomorrow is the ADP employment report and the Bank of Canada decision. There’s also an election in Quebec today (Vive le Quebec libre!)
If that doesn’t kick this pair out of the range, the ECB or NFP will do it before the end of the week.
No need to go with the initial break of the range, wait for a retracement, similar to what we saw in cable last week.