USD/CAD down to 1.3077 from 1.3150 in early North American trading
The Canadian dollar is attracting a broad bid as oil and other commodities rally.
WTI crude is up 80-cents to $44.64 after falling as low as $43.45. Gold has also risen above $1100 for the first time in a week.
Commodities are strengthening on hopes for Chinese stimulus after poor trade data on the weekend.
Technically, USD/CAD has little support until near 1.3050, which it touched twice on Friday before climbing. The downside looks attractive in the short-term after a double-top at 1.3180.
More USD/CAD technical analysis.