The USDCAD completed a 50% retrace of its last major up move last week, ending the week by forming a bullish fakey pin bar combo buy signal that shows rejection of that 50% retrace level as well as a support level near 1.0820 area. If price holds above that 1.0820 – 1.0810 support this week, we could see a move higher from this fakey / pin bar buy signal and a resumption of the recent up trend. Traders could consider a ‘tweaked retrace entry‘ if price rotates down to about the 50% level of Friday’s pin bar.