Or does it?
Good general USD demand has seen the pair rise further today to 1.0964 taking out some decent offers at 1.0950 but like in other USD pairs that we’ve been highlighting we’re approaching recent highs and another raft of offers.
Previous highs of 1.0986 will be the first objective for USD bulls but the sellers are lining up from 1.0975 all the way into the 1.1000 barrier again
Markets are waiting on the FOMC Minutes later but if at all hawkish then this pair will be another hotly fought contest
USDCAD daily 20 Aug
