There is the new (or same) Canadian interest rate coming out Tues): CAD Interest Rate decision has been forecast at 1% and was 1% for the last three times. It is now forecast at 1 again. All three times USD/CAD has risen. They started with a 1-3 min head fake going down some before going up everytime. I'm gonna place a buy limit order a few pips under the price just before the news, unless the chart is screaming not too. Look at DX for a clue. USD/CAD is in an uptrend on the daily and has been consolidating sideways for 5 days. Looks poised for another upswing. Oil heading down into the news release would be good confirmation to see.