Canadian Dollar twists as markets struggle to pick a direction

The Canadian Dollar (CAD) tumbled against the Greenback early Monday before a mid-session recovery.

The Canadian Dollar backslid against the US Dollar on Monday. A moderate recovery has the CAD back into the green for the day. A Canadian holiday leaves CAD trading flows crimped. The Canadian Dollar tumbled against the Greenback early Monday before a mid-session recovery. The CAD is holding in positive territory against the US Dollar to kick off the new trading week, but market flows remain thin with Canadian markets shuttered for the August Civic Holiday.

The pair chalked in an outside candle on daily charts as price action gets frothy, but bidders are struggling to develop enough momentum to break the pair into an extended bull run.

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