The 1.1050 zone gave way as the loonie follows the rest of the commodity bloc to session lows.
There’s a bit of resistance at last Tuesday’s high of 1.1075 but 1.1100 is the main level to watch.
There is a bit of an inverted head & shoulders pattern on the short-term chart:
USDCAD 10 minute chart
Greg had a more detailed look at USD/CAD technical analysis earlier.
