USD/CAD has blown through major, major resistance at the 1.3000/20 area, triggering barrier at 1.3000, 1.3025 and targeted
another tranche at 1.3050, reaching 1.3063, so far.
Risk aversion is not helping the Loonie; nor is a big drop in Canadian housing starts this morning. Spot trades at 1.3046. Bids are lined up now in the 1.2980/1.3000 area on pullbacks.
