USDCAD shrugs off the CAD data to run up to the highest since early June

USDCAD runs through 1.3140 resistance

Adam said the jump in the CAD over the data was an overshoot and since then it's shot one way only, adding over 100 pips.

USDCAD daily chart

Stay above the broken 1.3135/40 area and then above the May highs around 1.3185/90 and the upside break will be confirmed. We then might get a move up towards the 38.2 fib of the 2015 swing, and 200 dma at 1.3304. In between all that we have the 55 wma at 1.3255.

Oil looks to be the main driver as it hits new lows, also since May, as there's naff all else going on in other pairs.