The barrier option at 1.1000 that we’ve been widely reporting seems a mile away now as failures to hold above good bids at 1.0950, 1.0925 and now 1.0900 has seen a test of the next strong layer between 1.0880-85
We’ve bounced from 1.0885 in that USD sell-off earlier but failed to get back above 1.0900 and we now wait to see if US initial jobless claims hold any sway at the bottom of the hour. Then tomorrow we have the StatsCan Canadian jobs restatement to throw into the mix
USDCAD still heavy but bids providing support in the dips
