Corp and real money bids at 1.0850 were seen off earlier and Models on the bid at 1.0830 have been soaking up the rest with a low so far at 1.0836.

There’s further bids from the corps and RM down to 1.0800 with stops on a break and offers are light at 1.0885, 1.0900, 1.0920, 1.0945, 1.0950

The run to the 1.0830’s has been short lived so far as we’ve bounced back to 1.0857 so the bids are seeing off the attempts to drive it lower.

Adam has some levels in his post and there’s a couple more to keep an eye on.

USD/CAD daily chart 16 06 2014

USD/CAD daily chart 16 06 2014

While the bids may be stronger at 1.0800 than those in between the 2014 channel bottom sits just under at 1.0784 and the 200 dma at 1.0767. Under there 1.0700/20 is an area of prior support and resistance.

Above, 1.0950 is still the level to beat if 1.0900 goes.