USD/CAD surged after the break of the inside bar candlestick pattern that we covered yesterday. The breakout of the inside bar candlestick pattern lead the price to break the 1.1015 resistance level. Note that the inside bar candlestick pattern was coupled with the Stochastic and Commodity Channel Index (CCI) showing the price is oversold which adds strength for the breakout. The overall trend is still heading up thus we could potentially see a retracement before the price resumes this upside movement in today's London session.
