USD/CAD took a little plop to 1.0354 after the BOC minutes.

The pair has come off the 1.0421 highs in the general dollar malaise.

Corporate bids have moved up to 1.0350 with bigger size now at 1.0300.

Sellers are seen at 1.0420, 1.0430 & 1.0440 with buy stops and barriers at 1.0450 and higher.

usdcaddaily 29 05 2013

Since breaking out of the range the pair has been on a one way street. We’re close to the June 2012 highs at 1.0445 where a break will open the skylight to the Nov 2011 highs at 1.0520.