Oil price declines/fears are part of the story and I’d say some decent CADJPY selling too but the net result is that USDCAD has now taken out the decent offers at 1.1375 having failed first time around
1.1386 the high post so far but now retreating again in the face of expected defence of a reported barrier option at 1.1400 which I highlighted in the orderboard earlier
If broken we can expect stops to take us up toward the next offers at 1.1430 then 1.1450. Immediate bids at 1.1350, with larger interest at 1.1300 and 1.1280
USDCAD daily 15 Oct
