Apologies that I don’t have any exact details at this point but I’m hearing reports from the interbank market that some significant CAD demand is expected this week, primarily against the USD but also against some of the other majors.
I don’t have any exact levels but a quick look at the daily chart suggests to me that USD/CAD could fall back towards .9900 without too much difficulty, so if you’re a USD/CAD bear, be alert for trading opportunities.
