A weak June Canadian jobs report sent the loonie from near a six month high to almost the lowest levels of the month. Watch the 1.0694-1.0700 resistance zone, a break would signal a further retracement toward 1.0750.
USDCAD 2 hour
Update: The 1.07 level didn’t hold. Looks like a larger retracement phase could happen. A close up here would signal it.
