USD/CAD’ s run into some central bank selling towards the recent high of 1.0187, but the sales appear to be well absorbed and with Nymex oil prices heading down almost $2 towards $83.00, further CAD weakness is likely.
Next point of resistance after recent year’s high is the Dec 21 high of 1.0212 and the Dec 1 high of 1.0251
Update: now hearing of offers 1.0200/10
