The USD/CAD has finally managed to move above the 1.0350 area, which was the neckline for an unorthodox inverse head and shoulders pattern. A measured move would target 1.0515.I wrote earlier today about the possibility of some further USD strength, and it seems to be coming to pass in at least this pair.We have the next important resistance level at 1.0470, and above that 1.0560 (the respective support and resistance of the range back in late August). With a push above the 200-moving average in this time-frame this move looks to be the start of a new trending action. Therefore, it could make sense to be on the look-out for opportunities to buy on any further dips in the pair, and the 1.0375 area would make an interesting entry level. - Nick