With the loonie looking wanted again it’s not going to take too much from current levels at 1.0634 to start chewing away at the defence of the 1.0600 barrier option that I have been reporting.
1.0630 is proving sticky at the moment and then more at 1.0610-15 before 1.0600 itself with stops below there.
Last week saw a 6 month low of 1.0620 but rallies since have failed to breach 1.0700. A weaker number today will have the pair looking for gains into offers at 1.0675-85 but I’m sure Adam will have something to add shortly.
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Have a great week-end everyone and thanks for your input and patience with the site.
