Corps and HF’s are still layered up on the offer from 1.0960, 1.0975, 1.1000 and 1.1010 with stops on a break.
Bids run from 1.0900, 1.0890 1.0865, 1.0850, 1.0800
The jobs data didn’t have any marked affect on the currency despite the worrying jump in part time workers, which came from the youth demographic. It still keeps some pressure in the jobs market which seems to have found a level it can’t move past.
1.0950 is still the level that can’t be beat and while I’m itching to take a short there’s just something making me hold of hitting the button. When I work out what that feeling is I’ll let you know
USD/CAD daily chart 06 06 2014
