USDCAD retreats but dip demand waiting

Author: Mike Paterson | Category: Forex Orders

Good two-way business had on the pair so far 19 Mar

Yen selling pushed CADJPY higher and that helped push the pair down to test 1.3080 from 1.3125

With USDJPY capped into 106.20 again though and with 1.3080 holding we've seen dip demand prevail to push back up to 1.3100.

Offers/res still between 1.3125-30 to breach before the rally can gather any momentum.