We came a pip away from hitting 1.0900 in the loonie and there’s good interest on both sides of the market.
Offers are still in strength from from corps, hedgies and model funds at 1.0960, 1.0970, 1.0980, 1.0985 and 1.1000/10 with stops on a flush.
Corps are also strongly on the bid at 1.0900, 1.0885, 1.0875, 1.0865, 1.0850, 1.0800 (stops)
The pair still has a heavy note to it but the interest either side is probably going to be enough to see us range bound for a while longer. 1.0900/50 are the levels to watch.
USD/CAD daily chart 09 06 2014
