What doesn’t go up will invariably come down and so it’s been for USDCAD as the greenback turns lower this morning
Good offers at 1.1050 that I highlighted yesterday were enough to hold the o/n rally and we’ve now been down to test the other side with 1.0985 so far holding the drop through 1.1000. More layers between 1.0950-60
Here’s today’s orders again
Sellers 1.1050 1.1075-85 1.1100 1.1125 1.1140-50
Buyers 1.1000 1.0985 1.0950-60 1.0930 1.0900-10 1.0880-85 1.0850 1.0830 1.0800 1.0785
Canadian retail sales coming up at the bottom of the hour
USDCAD orders 23 Sept
